I want to buy cheap shared hosting($1/month or lower). I can pay on monthly basis($1/month) and not yearly in one go. If this suits you, I'll buy now. Thanks
Payment processor will take all of the money from 1 usd hosting. I'd suggest increase your budget or pay yearly.
Or take free hosting plans. Various hosting companies offer free hosting plans with full features like your own domain. Their business model is to win a customer first in hope that he will become a paying member later
actually it's not has to be as described above, you can still get EUR 1.99 /mo. web hosting with high performance and reliability, this is what our experience is telling Though, you may have to consider getting a bit higher plan and pay 1-3 Euros more, but receive lots of web space, traffic and other features. Regarding the free hosting, I'd strongly recommend to avoid such providers if you will need good customer support, uptime guarantee, load-balanced server etc.