A folding type bicycle capable of allowing the user to conveniently fold the bicycle, and having a minimal volume in a folded state is disclosed. The folding type bicycle includes a frame including a front frame, to which a front wheel and a handle are mounted, a center frame, to which pedals are mounted, and a rear frame, to which a rear wheel is mounted. At least one of the front, center, and rear frames includes a hinge plate bent from one end of the at least one frame. The front, center, and rear frames are pivotally coupled through the hinge plate.