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STEP 1
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Go to your Domain Registrar
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Select your domain and click on Domain Name Settings
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Click on the Manage Nameservers/ Manage DNS
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You should see several Text fields appear like this:
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TO POINT TO BLUEHOST ON REGISTRAR SITE
Nameserver 1 ( Add 'ns1.bluehost.com' here)
Nameserver 2 (Add 'ns2.bluehost.com' here)
Nameserver 3
Nameserver 4
Nameserver 5
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TO POINT TO DREAMHOST ON REGISTRAR SITE
Nameserver 1 (Add 'ns1.dreamhost.com' here)
Nameserver 2 (Add 'ns2.dreamhost.com' here)
Nameserver 3 (Add 'ns3.dreamhost.com' here)
Nameserver 4
Nameserver 5
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Fill in the fields. Bluehost requires you to fill in two fields, while dream host requires you to fill in three fields.
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Click Save now.
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PLEASE NOTE:
Its important to update your nameservers on your registar immediately upon purchase! Delays can lead to Nameserver Complications.