Since a site needs both hosting space and a domain name, it’s important to be able to seamlessly manage not only the former, but also the latter. Even if the hosting service is fast and stable, registering a brand new domain and pointing it to a particular site may be a torture and may require plenty of time and energy. In fact, that’s the situation with the vast majority of hosting companies out there – you will have at least two accounts, one billing account and one hosting account, and registering a domain name and putting it online will require logging in and out of the two accounts. It’d be much more convenient if you could accomplish all these things from one and the same place and focus on your site, not on different system tasks.