In order to create a web site, you need 2 things - your own domain and a website hosting plan for it. The domain registration is the actual web address that you type in a browser to access a site, while the hosting space is where your website files is going to be. These are 2 tightly connected, but individual services, although many people believe that registering the domain is enough. Just like the disk space and the monthly traffic features which a given website hosting plan features, there are a certain number of registered domain names that you can include as hosted which means that you can have the web content for them in some account even when the domains have been registered via a different firm. In technical terms, it does not matter if a domain is registered and hosted using the same company or is registered with one company and pointed to another one - in any case your websites will function the very same way.