Not the best idea depending on where you store your data. Do you store the data server side or on the same server as your website? The former being the better choice for latency.The only thing you have to keep in mind if you host your site with the same provider as your VPS, if your VPS goes down, it's most likely your site will go down as well (Previous experience). Always try to get a webhoster that's different than your VPS provider.
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