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The main advantage of using your own domain rather than a provider's domain is that as long as you renew the domain it's yours, but the provider's domain is out of your control and can be lost if its owner doesn't want to continue to provide mail service to that domain.
I have prepaid all of my domains for at least three years. the domain I use for email is prepaid for almost ten years, and I have a recuring reminder to check renewal status of my domains, so I don't forget.
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