Exchange trading question

Hey, I've only been a holder up until this point, but I've decided I want to try my hand an trading a very small portion of my portfolio. I mainly use binance and I'm just wondering, If I want to move into USD I can only do it through ETH or BTC so the question is if I trade NEO into ETH to then sell for USD, do I have to pay fees for that? Just trying to learn how it works since it's actually 2 trades to get USD. Thanks.

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