Registering a domain and hosting one is commonly mistaken by a lot of people to be one and the same thing. They're in fact two separate services - the domain address registration is the actual name and nothing else, while the hosted domains feature shows the amount of already registered domain names you can accommodate within the same website hosting account and have site files and e-mails for them. Your sites will work in precisely the same way regardless of whether the domain addresses are registered and hosted in one place or are registered with company A and pointed to company B. Simply registering a domain address without hosting it will grant you ownership, but will not enable you to have a web site if you don't host this domain name in some account so that records for it are created and it starts opening the content from that account.