A domain name, is like the address of your home; web hosting on the other hand, is the space of your house where you place your furniture. Instead of street name and area code, set of words or/and numbers are used for the website’s naming’. The same goes with hosting, computer hard disk and computer memory are used instead of instead of wood and steel for storing and processing data files.
Your domain name is how visitors easily find you online. It is often the first step in getting your website started because it is like establishing your website’s street address on the internet. If you did not have a domain name, you would have to give out your IP address to everyone who wanted to visit your website, which would get confusing and be easily forgotten.
At FatCow, we understand that it takes more than impressive technology to be a top host; it takes a great team of people. Over the years, the Moo Crew, FatCow's customer support team, has developed a reputation in the industry for going the extra mile for customers. The Moo Crew is available 24x7, 365 days a year and can be reached via phone, email or online chat.

One thing we learned in reviewing the services listed here (and many more) is that even though the packages are very similar, they are not identical. Some are more security-focused than others, offering anti-spam and anti-malware tools. Others offer a variety of email marketing tools. While most of the hosts we've reviewed have built-in e-commerce, you may want to consider using a more-robust third-party online shopping cart application like Shopify instead.
A fully qualified domain name (FQDN) is a domain name that is completely specified with all labels in the hierarchy of the DNS, having no parts omitted. Labels in the Domain Name System are case-insensitive, and may therefore be written in any desired capitalization method, but most commonly domain names are written in lowercase in technical contexts.[2]
Domain names serve to identify Internet resources, such as computers, networks, and services, with a text-based label that is easier to memorize than the numerical addresses used in the Internet protocols. A domain name may represent entire collections of such resources or individual instances. Individual Internet host computers use domain names as host identifiers, also called host names. The term host name is also used for the leaf labels in the domain name system, usually without further subordinate domain name space. Host names appear as a component in Uniform Resource Locators (URLs) for Internet resources such as web sites (e.g., en.wikipedia.org).

In result, your personal info, such as  physical address, emails, telephone number, etc is hide from the public. Domain privacy is important because your domain record (ie. the WhoIs data) may also be used in ways that aren’t legitimate or desirable. Since anyone can look up a WhoIs record, spammers, hackers, identity thieves and stalkers may access your personal information!
Registries and registrars usually charge an annual fee for the service of delegating a domain name to a user and providing a default set of name servers. Often, this transaction is termed a sale or lease of the domain name, and the registrant may sometimes be called an "owner", but no such legal relationship is actually associated with the transaction, only the exclusive right to use the domain name. More correctly, authorized users are known as "registrants" or as "domain holders".
Many services offer a low "starting price," but require you to prepay for two or three years of service to get that price. After the promotional period, the renewal price for some services can be two, three, or even four times the initial promotional pricing. While the initial deal might be incredible, the cost of transferring your site (or paying the added fee) in a couple of years may be something to consider.
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