Optimising one image is easy. Optimising the two hundred photos behind a product catalogue or a gallery page is a different problem entirely. Bulk compression handles the whole set in a single pass: upload the batch, let it work, and download everything together instead of repeating the same steps for every file.
You can process a sizeable batch in one go. Very large sets simply take longer to finish.
Yes, which is what keeps a gallery looking consistent. Use the single image tool when one photo needs different treatment.
Yes. A batch can contain different common image formats together.
Yes, and no account is needed.