Although I’m going to talk about the WordPress CMS every now and then, I want to emphasize that this is primarily a direct comparison between WordPress.com and Bluehost. WordPress.com is the branch of the company that handles web hosting while WordPress.org is in charge of the CMS. I think that’s an important distinction to make moving forward because we’re primarily interested in what WordPress.com has to offer.

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When you build a website, you want visitors to come and see what you've done. To get them there, you need a unique domain name that connects to your sites servers. Domain name registration is required to ensure that no one else in the world can claim ownership of your web site's address and to make finding your website simple. Find your one of a kind domain name.

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WordPress doesn’t offer an automatic backup system so you’ll need to back up your files using other methods. If you sign up for one of the more expensive hosting plans (starting at $25 per month in WordPress.com’s case) you will unlock the ability to install custom plugins to your site, so you can create backups using one of those. Alternatively, you can copy and save your files locally using an FTP client like Filezilla. Keep in mind, though, that this process can take a very long time depending on the amount of content found on the site.

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Unfortunately, neither Bluehost nor WordPress give users the option of paying on a month-by-month basis for their shared hosting subscription. WordPress only works with annual billing cycles while Bluehost accepts annual, biannual and triannual payments. Paying for two or three years in advance grants you certain discounts so it helps to sign up for the long haul if possible.

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Although WordPress offers the best CMS out there right now, it’s hard to recommend the company to anyone who is looking for a good hosting provider. At least not in its current state. WordPress is more expensive than many other companies, including Bluehost, and doesn’t offer too much in return for your money. You’re generally better off signing up with a different provider and building your website on the WordPress CMS than using the company’s own hosting services. 
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