Hi,
Yes, it's possible if you are owning VPS that you used for hosting your website. If it was shared hosting, then you can't host your node there. Well, if you are planning to host it on web host even if you don't have VPS, here is a way to save your bucks:
1. Buy Digital Ocean(DO) $50 promo from
here.
2. Create an account on DO. (use your real mail - DO has become strict nowadays.)
3. Add $5 through your PayPal account.
4. Go to Billing and apply this $50 promo.
5. You will have $55 in your account where you spent $7.5 only.
$10/month droplet is enough to host your node. The promo validity will be 1 year.