Well, it maybe need some money or maybe not, i think it depend
Taking something off a CD: If you went to a shop, bought a CD, then put all the tracks from the CD to your computer that would be CD Ripping (ripping the data of your CD) it also could happen with DVD's.
if you mean ripping cd's then no, it should not damage your computer at all
No, you can't get a virus from ripping a CD. Viruses come from bad downloads and websites on the internet, and CDs and CD ripping does not use or require the use of the internet.
It is safe it does not hurt it
If you have to rip cd without losing your time and money you may go for CDEX Download. It comes to you as a freeware opensource cd ripping application which can be easily downloaded and installed. It is easy to operate too.
The point of using a CD ripping service is to have digital tracks of songs and albums that one owns. This helps ensure that one can burn the tracks to as many cd's as they choose.
No. Ripping or burning money is an illegal. You can get arrested for that even though ripping and burning money is destroying money.
Yes, there are many programs available. The generic term is "ripping a cd"
Nothing. "Ripping" is actually no more strenuous to a CD than playing it.
Yes.
Ripping is the process of copying the audio or video data from one media form, such as DVD or CD to a hard disk. So if you had a CD and you wanted to put it on your computer you would "rip it" to your computer.
You need ripping software like cdex