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BOUGHT A DOMAIN AT NAMECHEAP. NOW WHAT?
(alien.top)
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Domain does not equal email...
You also need an email server and they should tell you how to set up the MX records for your domain. As you are using Namecheap, you will find it easy to use their email service at https://www.namecheap.com/hosting/email/
Using Outlook as the mail server for your domain is possible BUT it depends on your MS contract and some, e.g. 365 Personal have changes coming up at the end of this month - start at https://support.microsoft.com/en-us/office/get-a-personalized-email-address-in-microsoft-365-75416a58-b225-4c02-8c07-8979403b427b
You used to be able to use Outlook on the web to pull from SMTP or IMAP servers so you had everything in one inbox but I honestly do not know if that exists now and still requires the external email server.