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I have about 900. All with GoDaddy. I can't remember my price offhand, it's around $7.50 after ICANN fee.
I've had domains with many registrars. GoDaddy is only one that really took care of me.
And yes, I considered setting up a registrar once like you are thinking. I ended up concluding that it wasn't really worth the hassle and I should just stick with what I know instead of messing with another project to save a couple nickels per domain.
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