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Personally it depends on how you want to interface with it.

I prefer to rely on other's servers and just keep backups of my profile and follow list.

You can do the same by using this:
https://metadata.nostr.com/

True but like you said still relying on someone else not to nuke there service.

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Yes, there also the option to keep a personal relay locally somewhere just as a backup, using tor or wireguard to expose it.

Remember that you can also broadcast your notes on multiple relays for exactly that reason, when Damus nuked his relay I didn't even noticed, and I haven't lost a single note.

Also, you can also use GitHub Pages for your Nip05, you don't need to buy a domain just for that.

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