Files having extension .BMP represent Bitmap Image files that are used to store bitmap digital images. These images are independent of graphics adapter and are also called device independent bitmap (DIB) file format. This independency serves the purpose of opening the file on multiple platforms such as Microsoft Windows and Mac. The BMP file format can store data as two-dimensional digital images in both monochrome as well as color format with various colour depths.
A file with .TXT extension represents a text document that contains plain text in the form of lines. Paragraphs in a text document are recognized by carriage returns and are used for better arrangement of file contents. A standard text document can be opened in any text editor or word processing application on different operating systems. All the text contained in such a file is in human-readable format and represented by sequence of characters.
You can also convert BMP into many other file formats. Please see the complete list below.