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The risk is that your hosting company goes belly up. Your webserver might stop working, and it is advisable to switch to the site another hosting company. To switch over, you'll need to then you definitely DNS server or you registration at the TLD. However, the company that will permit you to take some action has just gone out of business. You are trapped in!
For an online site that is mostly text and several pictures, that need a lot of bandwidth (but if you get a lot of visitors viewing your site, then it adds as much as a lot).
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