Convert to MP3 for smaller file sizes (90% reduction), better compatibility with portable devices, easier sharing, and streaming while maintaining acceptable audio quality.

320 kbps for highest quality, 192 kbps for good quality/size balance, 128 kbps for smaller files. Higher bitrates preserve more audio detail but create larger files.

Yes, MP3 is lossy compression so some audio data is discarded. However, at higher bitrates (192+ kbps), the difference is often imperceptible to most listeners.

Yes, most converters allow you to add ID3 tags including title, artist, album, genre, year, and cover art to the MP3 files during conversion.

MP3 files are typically 85-95% smaller than WAV files. A 50MB WAV file might become a 3-5MB MP3, depending on the bitrate and content.