You would have to stick exclusively to downloading though. As soon as you upload as well (e.g., torrents) the defence that you have a valid licence for your personal use no longer suffices. And even if you are fine from a legal standpoint (which I fear may not be the case in every jurisdiction), there is still the financial risk of getting sued by someone with much bigger pockets.

The defendant in a copyright violation case is not just liable for actual damages. The plaintiff can elect to take either actual damages or $750 to $30,000 per copyright infringement. This can rise to up to $150,000 if it is determined to be willful copyright infringement.

https://codes.findlaw.com/us/title-17-copyrights/17-usc-sect...

Not necessarily[1].

[1] https://www.justice.gov/archives/jm/criminal-resource-manual...

Good point.

Though that criminal statue wouldn't apply to the actions described here, it is indeed an example of how copyright violations of some kinds can be crimes, even felonies.