I don't upload LCPDFR videos to YouTube, only test vids etc.
But I have been on YouTube for quite a while so no, uploading to YouTube is free and the length is limited to 10-15 minutes and to increase that and get custom thumbnails you have to verify your YouTube account (Look it up, there are many tutorials) and I personally use Bandicam because Fraps is too much of a hassle but there is a time limit to ten minutes and a "Bandicam" logo on top until you purchase the full version and there is no expiration date for the program unlike Fraps, but ten minute videos would be a good way to start off a YouTube channel.
Best of luck