Do you know how to make bit wipe?

My friend uses paper towels, water, and peppermint extract. Take 8 paper towels, cut them in half half or quarter (doesn’t matter just preference!) then take a container, mix 1 cup water and 1 tablespoon peppermint extract. Then place the stack of cut paper towels into the mixture and then put a lid on the container! Pretty easy...
What I do though (I’m too lazy to make these bit wipes) is just have a small towel designated for bit cleaning and after a ride I just wet it, clean the bit and then rinse the towel off. Every few weeks I will wash it with a bit of soap but I don’t like to use soap on a bit
Hope this helps!
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