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A domain name is a unique web address on the Internet, like www.example.com. Much like buying real estate in the physical world, when you register a domain name it becomes your property in the online world. No two domain names can be the same which means that if the domain name you want is already registered, you are unfortunately out of luck. Domain names can also have different domain extensions, or TLDs, attached to the end of it. For example, you may own www.example.com, however www.example.net may still be available.
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".
The practice of using a simple memorable abstraction of a host's numerical address on a computer network dates back to the ARPANET era, before the advent of today's commercial Internet. In the early network, each computer on the network retrieved the hosts file (host.txt) from a computer at SRI (now SRI International), which mapped computer host names to numerical addresses. The rapid growth of the network made it impossible to maintain a centrally organized hostname registry and in 1983 the Domain Name System was introduced on the ARPANET and published by the Internet Engineering Task Force as RFC 882 and RFC 883.
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This way, you really never have “your own” domain. The name of your free website builder provider is going to be permanently put in the website’s URL. Surely, some personalization is still possible – as you get to choose the name of the project but that’s really where it ends. This little issue actually makes perfect sense. After all, it would cost additional money for your provider to register a full custom domain name just for you. So if you want your page to spell “yourwebsite.com”, a free builder won’t suffice.
Moving to another website consists of transferring the website’s files and databases, configuring your site with the new host, and directing your domain’s DNS to the new host. Once you pick a new site host, they can usually help you out with this process. The cost will depend on the host you’re switching to, but it will probably be anywhere from $150-$400.