Re: Using Godaddy services while domain hosted with another provider
The privacy protection would be removed to transfer the domain elsewhere. But you can keep the domain registration with GoDaddy while pointing it to a hosting account from another provider.
The easiest method if you're keeping email with GoDaddy as well is with changing an A record. First you'll need to get the proper IP address for your hosting account from that provider. Then follow the steps of this article to update the A record.