Have a WordPress.com blog? Are you ready to move to your own domain? Don’t worry, WordPress.com makes it super easy. Log in to your WordPress.com account, then head over to Options, and select Domains. Now, you can create your own domain, and if it’s available, register it directly through your account. Domain registration is not free though; it will cost you U$15 a year.
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Is it possible for us to use a custom domain that we have bought from other registrar?
Absolutely Yes
Is that simple?