The Performance Tool Quick Release Bit Holder is a game changer when it comes to swapping out bits. Its patented quick change mechanism allows for easy and effortless bit changes with just one hand operation. The magnetic insert keeps bits in place while the locking mechanism prevents pull-out, ensuring a secure and stable grip. This 1/4 inch hex design is compatible with most drills, drivers, and bit drivers, making it a versatile tool for any job. With multiple uses, you can easily switch between drill bits, nut drivers, driver bits, and adapters. Measuring in at a total length of 2-1/2 inches (63.5mm), this bit holder is compact and easy to store, making it a must-have tool for any DIY or professional project.