Ignore any Behringer sneering; it's a good little unit that does a job and costs little. It's not ideal for what you want, however. How do I know..? I've got one, for exactly the same reasons as you. I don't use it; now, though; I replaced it fairly rapidly with a s/h Tascam 144 interface (bought through the Marketplace here; thanks again, Paul...). Why..? One has very little control with the Behringer. No way of setting the input level, not much in the way of monitoring options; the sound quality was OK when everything matched up and the stars were aligned, but my interface does a far better job all round; I have it permanently plugged in as my 'sound card' for my PC.
Recommendation: don't invest much, if anything, in the Behringer unit, despite its qualities. It's useful for recording DJ stuff, or HiFi output, but not best adapted for guitar/bass use. Look for a reasonable interface instead; they often come up in the Marketplace here for little money (and can be bought at budget prices new, too...).
Just my tuppence-worth; hope it helps.