So why bother with streaming?
The two main reasons are:
1. Easy access to your entire record collection without having to go looking for the CD.
2. By adding more streamers you can get music all around your house, easily controlled by a tablet or smart phone
You can make playlists, or you can just play a random selection from your whole collection, it's great to hear some of the older stuff that got buried at the back of your CD rack and forgotten about. If you subscribe to a streaming service you have access to millions of tracks and never need to buy a CD again!
What about quality?
Typically streamed music is around the same quality as CD. You can make it better if you get the more expensive kit but most of the time it's roughly comparable to CD quality. Tidal and Qobuz are better quality than Spotify if you are using a streaming service but are more expensive, but do allow you to stream (Qobuz / Tidal) and download (Qobuz) 24bit Hi-Res music.
However copying (ripping) your CD's is where it can seem complicated because there are so many different file types used to store music. Pretty much everyone has heard of MP3, but that's the lowest quality 'lossy' format which in the process of conversion removes some of the information to allow it be compressed down to the smallest possible file size.
You could start with Apple Lossless, it's better than MP3, Itunes is easy to use and it's widely supported - it's a proprietary format and will only work with Itunes and the Apple ecosystem. However, we would recommend FLAC (Free Lossless Audio Codec), it's the next step up in quality it's an open (not hardware dependent) lossless (No data is removed from the converted file) format and is widely supported. WAV is the original CD source file but it's uncompressed, so it takes up a lot more hard drive space and there can be problems with track information (meta data) being transferred correctly, so unless you are going for high end quality we would suggest using FLAC or ALAC if you're an Itunes user - FLAC will not play on ITunes. If this seems really daunting then there are several products that will rip and store your CD's, making the process as simple as possible. e.g. Innuos Zen Mini or Naim Uniticore
Time to look at kit.
If you want to dip your toe into the "streaming" water, Yamaha have just realised a new product, and at £149 it's very affordable.