Steganography is one of the techniques used to communicate secret data through the cover media such as images, videos, audio, texts etc. In this work, we consider the algorithms of steganography based on DCT and wavelet transform. The aspects of media quality after hiding the information in the digital media are considered. Particularly, we compare the performance of the prototype algorithms, representing the DCT and wavelet-based image steganography algorithms respectively, using the PSNR, capacity, robustness and accuracy aspects. For video steganography, with various wavelet transforms, we compare the quality of the derived information, when frames are dropped and the effects of payload is studied. The application of using such steganography algorithm which can embed multiple messages, each of which requires a separate key is proposed. The application can estimate the capacity used and capacity remains for the given cover image and texts.