Yes, you can do that as well. You own the domain name and can change its settings to point it to any web hosting company.
For example, you purchased your domain name and hosting from Mozdomains, and now you want to move your web hosting to BuyuHost. You can move your site from one host to another by simply transferring files and data. After that you need to edit your domain name settings and point them to your new web hosting provider.
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