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First of all, I will advice to keep domain account and hosting separate. The reason is, if you are not happy with hosting, it will be a pain to move or break the contract period. Some hosts will try to arm twist you using their hold on the domain. One of my client had her site down for two weeks, due to some smart techniques from bravenet.
It is perfectly normal to have a different domain registrar and host. Your hosts can NEVER force you to transfer the domain regitrar, you only need to update the NS record, to point to any host.
Note that the domain name ownership is the most important thing about owning a site. Do note take a risk. It is better to have all your domain name under one roof for easy management.
Godaddy and Namecheap are both good for domain registration. For hosting, you may look at somehting like hostgator.
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