I just tried it and I got this message.
No database was selected (create any database first)
- File extension must be .sql.gz;
- File size must be less than 50MB;
- Your domain is not yet pointing to our server;
I had ceated a database but the name is not the same as the one I have on localhost. I guess this is why I get this message.
I tried as well the same with phpmyadmin. As in to import compressed file and....wait for it....wait for it...it workedddddddd!!!!!!!!!!!!!!!!!Legandary!!!!!hahaha
I had some timeouts but by importing the same file it continued from the place it stoped(partial import).
I will now check what else is to be done in order to get my site done.
One last tip. On the ftp on which folder should I put my drupal folder(or just what it contains this folder)?top level or public html?
Thank you guys for your time and knowledge.