.txt or .srt — which one?
Choose .txt when the text is the point: notes, articles, quotes, summaries, translation. It respects the view you are in, so it exports either timestamped lines or clean prose. Choose .srt when the timing is the point: it is the standard subtitle format, with numbered cues and start/end times that every editor and media player understands.
The file name
Files are named after the video title with the view count appended, which makes a folder of transcripts easy to sort and identify later. Characters that operating systems reject are removed automatically.
Questions
What file formats can I download?
Plain text (.txt) for reading and writing, and SubRip (.srt) subtitles for video editors and players.
What is the downloaded file named?
The video title followed by its view count, for example: How Engines Work - 1,204,338 views.txt
Can I use the .srt file as subtitles?
Yes. The .srt keeps the original caption timings, so it can be loaded in VLC, Premiere, DaVinci Resolve or re-uploaded to a video platform.
See also: transcripts with timestamps.