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Always keep your domain name and hosting separate, that is with different companies. If you ever part ways with your host, on bad terms, and they have control of your domain name, you might have a tough time getting it back.
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Buying both from single company is not a problem and its good too bcz all the changes on the domain like ns1,ns2 and adding sub - parked domains etc will take effect within few hrs. If separate will take time at least 24 hrs.Will be problem if go for free domain name, many host are providing free. So me suggesting take both from single reliable and good company