A handful of domains will have restrictions on them, which means you can only purchase them if you meet or exceed certain criteria or have authorization (some examples are .gov, .edu and .mil). But most extensions are available to everyone. In fact, most country code Top Level Domains (ccTLDs) are available for anyone to purchase, even if you don't reside in the country code in question.
A computer participating in networks that use the Internet protocol suite may also be called an IP host. Specifically, computers participating in the Internet are called Internet hosts. Internet hosts and other IP hosts have one or more IP addresses assigned to their network interfaces. The addresses are configured either manually by an administrator, automatically at startup by means of the Dynamic Host Configuration Protocol (DHCP), or by stateless address autoconfiguration methods.
I’d stay away from imgur. They’re basically a social media site now, with reputations that go up or down, presumably based on other users’ opinions of you. They’ve also changed the way their albums work-now if you make an album public, you can’t add any new images, and I could find no instructions on how to UNDO making an album public. Their organization style is awful, making it almost impossible to find anything you might actually want. The front page features their “hot” images, which are a mixed bag of political BS, things you might want to see, and vulgar/gross imagery.
By definition, a domain name is simply a human readable form of an IP address. In function it is the destination that you type into a web browser in order to visit a website, such a www.google.com. Metaphorically, it is very similar to how you would scroll to a contact in your cell phone rather than manually dialing the person by entering their full phone number; the phone number would be an IP address and the saved contact would be a domain name. Always buy a domain with a reputable domain registrar.
Note: The dual meanings "host"/"guest" of Latin hospes and its progeny are due to customs of reciprocity: a person serving as guest on one occasion would act—and be expected to act—as host on another occasion to a visiting former host. Both Latin hospes and Slavic gospodĭ have undergone a considerable degree of phonetic reduction from their putative etymons—in particular in the Slavic case, where Latin unstressed syllable reduction and syncope were not at play—leading some to question the correctness of the etymologies. Parallel compounds with the same second element are Greek despótēs "master, lord" (going back to *dems-pot- "master of the house"; see despot), Sanskrit dámpatiḥ "householder, lord of the house," Avestan də̄ṇg paitiš; Sanskrit viśpátiḥ "chief of a settlement/tribe," Avestan vīspaitiš, Lithuanian viẽšpats "lord" (with outcomes of Indo-European *u̯iḱ-, *u̯oiḱ- "house, community"; see vicinity).

To host a website on the internet, an individual or company would need their own computer or server.[7] As not all companies had the budget or expertise to do this, web hosting services began to offer to host users' websites on their own servers, without the client needing to own the necessary infrastructure required to operate the website. The owners of the websites, also called webmasters, would be able to create a website that would be hosted on the web hosting service's server and published to the web by the web hosting service.
A web hosting service is a type of Internet hosting service that allows individuals and organizations to make their website accessible via the World Wide Web. Web hosts are companies that provide space on a server owned or leased for use by clients, as well as providing Internet connectivity, typically in a data center. Web hosts can also provide data center space and connectivity to the Internet for other servers located in their data center, called colocation, also known as Housing in Latin America or France. 

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To host a website on the internet, an individual or company would need their own computer or server.[7] As not all companies had the budget or expertise to do this, web hosting services began to offer to host users' websites on their own servers, without the client needing to own the necessary infrastructure required to operate the website. The owners of the websites, also called webmasters, would be able to create a website that would be hosted on the web hosting service's server and published to the web by the web hosting service.
Domain names are created to make IP addresses easy to remember. Every computer has an IP address assigned to it - much like a street address. But instead of having to memorize each IP address number, we assign domain names to these numbers so we can easily remember them. The domain name system, or DNS, takes domain names and translates them into their IP addresses so that computers can communicate with one another. 
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