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What is on-tool cordless impact driver bit storage?

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A recess in the body of the tool, for holding spare tool bits Some cordless impact drivers have a storage area built in to their design, which is used for holding drill or screwdriver bits when they’re not being used. This usually consists of a simple clip that holds the bits, or sometimes a magnet as well.

What are the advantages of on-tool bit storage?

Two drill bits being held in a hand There’s less chance of bits getting lost, as you will always know where to find them.
Old man with empty pockets There is no need to hold bits or keep them in your pocket when working.
Pull the sleeve backwards to insert the tool bit into the chuck On-tool bit storage allows for quick changing between different bits.