Audacity Portable is the powerful audio tool for Windows, which allows you to record, edit, import and export your audio files. With the portable version, you can place it on your USB flash drive, iPod, portable hard drive or a CD and use it on any computer, without leaving any personal information behind. 

Audacity Portable can record live audio through a microphone or mixer, or digitize recordings from cassette tapes, records or minidiscs. With some sound cards, and on any Windows Vista, Windows 7 or Windows 8 machine, Audacity can also capture streaming audio.

Recording features:

• Record from microphone, line input, USB/Firewire devices and others.
• Record computer playback on Windows Vista and later by choosing “Windows WASAPI” host in Device Toolbar then a “loopback” input.
• Timer Record and Sound Activated Recording features.
• Dub over existing tracks to create multi-track recordings.
• Record at very low latencies on supported devices on Linux by using Audacity with JACK.
• Record at sample rates up to 192,000 Hz. Up to 384,000 Hz is supported for appropriate high-resolution devices on Mac OS X and Linux.
• Record at 24-bit depth on Windows, Mac OS X or Linux.
• Record multiple channels at once

This tool can import sound files, edit them, and combine them with other files or new recordings. And export your recordings in many different file formats, including multiple files at once.

Import and export features:

• Import and export WAV, AIFF, AU, FLAC and Ogg Vorbis files
• Fast “On-Demand” import of WAV or AIFF files if read directly from source
• Import and export all formats supported by libsndfile such as GSM 6.10, 32-bit and 64-bit float WAV and U/A-Law
• Import MPEG audio (MP2, MP3) using libmad
• Import raw (headerless) audio files using the “Import Raw” command
• Create WAV or AIFF files suitable for burning to audio CD
• Export MP3 files with the optional LAME encoder library
• Import and export AC3, M4A/M4R (AAC) and WMA with the optional FFmpeg library

Sound Quality

• Supports 16-bit, 24-bit and 32-bit (floating point) samples
• Sample rates and formats are converted using high-quality resampling and dithering
• Tracks with different sample rates or formats are converted automatically in real time

Editing

• Easy editing with Cut, Copy, Paste and Delete
• Unlimited sequential Undo (and Redo) to go back any number of steps
• Edit and mix large numbers of tracks
• Multiple clips are allowed per track
• Label tracks with selectable Sync-Lock Tracks feature for keeping tracks and labels synchronized
• Draw Tool to alter individual sample points
• Envelope Tool to fade the volume up or down smoothly
• Automatic Crash Recovery in the event of abnormal program termination

Accessibility

• Tracks and selections can be fully manipulated using the keyboard.
• Large range of keyboard shortcuts.
• Excellent support for JAWS, NVDA and other screen readers on Windows, and for VoiceOver on Mac.

Effects

• Change the pitch without altering the tempo (or vice-versa)
• Remove static, hiss, hum or other constant background noises
• Alter frequencies with Equalization, Bass and Treble, High/Low Pass and Notch Filter effects
• Adjust volume with Compressor, Amplify, Normalize, Fade In/Fade Out and Adjustable Fade effects
• Remove Vocals from suitable stereo tracks
• Create voice-overs for podcasts or DJ sets using Auto Duck effect
• Other built-in effects include:
  • Echo
  • Paulstretch (extreme stretch)
  • Phaser
  • Reverb
  • Reverse
  • Truncate Silence
  • Wahwah
• Run “Chains” of effects on a project or multiple files in Batch Processing mode.

Plug-ins

• Support for LADSPA, Nyquist, VST and Audio Unit effect plug-ins.
• Effects written in the Nyquist programming language can be easily modified in a text editor – or you can even write your own plug-in.

Analysis

• Spectrogram view modes for visualizing frequencies.
• “Plot Spectrum” command for detailed frequency analysis.
• “Sample Data Export” for exporting a file containing amplitude values for each sample in the selection.
• Contrast Analysis for analyzing average rms volume differences between foreground speech and background music.
• Support for adding VAMP analysis plug-ins.

Link: https://sourceforge.net/projects/audacity/