I get registered my domain with Godaddy.com, and yet have not purchased hosting form Godaddy. The hosting plans seems too costly. I want to get hosting of any other service provider other than Godaddy. Is there any restriction or I am free to opt hosting other than Godaddy? Please guide me.
Thanking in anticipation
GoDaddy does not restrict this but it is also up to the host if they allow custom 3rd party domains. Most regular hosting accounts would allow it, but many website builder or CMS style plans can restrict it unless the plan is upgraded to a certain level.
I hope you are well. You can easily manage your domain to external web hosting. Your problem can be easily solved by modifying the DNS records. If you do not know what is DNS you can see here
How to manage DNS you can see here
Also another easy solution is forwarding your domain to the new site
I hope this will help you.