So lets get started and follow these simple steps by which you can buy your own domain for an year. After that you would have to renew the registration. Google have a contract with Godady.com and when you buy domain from Blogger you in fact get it from Godady.
|New Blogger Version|
Note: This is for new Blogger layout. For older Blogger version you need to go to the following address:
Go to Dashboard >> Settings >> Publishing
|Old Blogger Version|
Also if you have your own domain with you that you already bought with some other domain registrar then you can shift that too.
I belive this is a great feature that gives Blogger plus one point over Wordperss and is quite handy. The free hosting the biggest support from Google.
Hope it continues for ever :>
Comment below the names of any domains registrars that you may know which give a domain for less than a10$.