The folding bicycle can easily change between a riding position and a folded position for storage and transportation. The folding bicycle comprises a rear wheel assembly, a central frame assembly, a steering assembly, a seat assembly, a plurality of hinge couplings, and a plurality of quick-release clamps. The hinge couplings allow the bike to fold in thirds. The quick-release clamps allow various parts to easily move when desired, such as sliding the seat assembly down or detaching the rear wheel assembly from the central frame assembly. In a riding position the folding bicycle functions as a normal bicycle. The folding bicycle can be converted to the folded position by using the hinge couplings and quick-release clamps to fold the rear wheel assembly and the steering assembly adjacent to the central frame assembly, fold part of the steering assembly down, and sliding the seat assembly down into the central frame assembly.