Why MP3
MP3 is still the format that works everywhere: old car stereos, Bluetooth speakers, smart TVs, voice message apps and music players all read it. Saving a talk, a lesson, a song from your own video or the sound of a family clip as MP3 means you never have to worry whether it will play.
The converter decodes the audio of the MP4 and encodes it as MP3 at 192 kbit/s, which sounds the same as the original for nearly all listeners. A minute of stereo audio comes to about 1.4 MB.
Long videos and many files
Drop a whole folder of videos and each one becomes an MP3. Hour long lectures work too, because the file is processed on your device instead of being uploaded. Download the results one by one or together as a ZIP.
About MP4
MP4 videos usually carry AAC audio, which can be saved as M4A without re-encoding.
About MP3
MP3 is the most widely supported audio format: every phone, car radio, speaker and music app plays it.