As long as you don't set the bitrate too low, it's unlikely you'll be able to tell much difference between lossless and lossy audio, especially if you're listening on your phone through earbuds. Lossy formats are fine in most situations. This reduces the overall sound quality, but also makes it a much smaller file and therefore easier on your hard drive. Lossy formats use a lower bitrate, stripping out a good portion of an audio file's data.
Lossless formats have all of the original data intact and are therefore much bigger files. The first step to reducing the size of audio files is to recognize whether your audio is "lossless" or "lossy". Should You Choose Lossless or Lossy Audio Compression? Here are a handful of easy and effective ways to reduce large audio files down to a more manageable size. It can also be helpful to know how to compress audio files when you just want them to take up less space on your device. Whether you're a podcast producer, a musician, or a DJ who creates music mixes, you need to know how to compress audio files to reduce their size.
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