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Decentralized music streaming service
(lemmy.dbzer0.com)
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I believe purchasing mp3's is a good solution.
I agree that it's a great way to support your artist, but honestly I don't think it stands a chance to become as big as streaming services. The convince of being able to explore almost every artists catalogue at the touch of a button is just too good. (Also great for sharing music or creating a shared playlist)
I think the problem of storage space is also often overlooked. Not everyone has enough storage on their device. (I know I didn't, when I still used MP3s on a modern smartphone)
AFAIK, Bandcamp lets you stream the tracks before you purchase them, Amazon also lets you stream free wth ads along with purchasing mp3s, so you can enjoy the catalogs and buy what you like on the same platform.
You can store your music on any cloud storage you wish, the free capacites can be enough, or a NAS or something.