Abstract: The invention features a theft-deterring, quick-release axle apparatus comprising an axle having first end, a second end, and a longitudinal axis; a first, removable end cap disposable on the first end of the axle that includes an end cap body, a bore extending into the end cap body to receive the first end of the axle, and a lock assembly disposed within the end cap body, whereby the first end cap is locked to and unlocked from the first end of the axle as the lock assembly is locked and unlocked, respectively; a first support positioned upon the axle, located medially near the first end; a second end cap disposed at the second end of the axle; a second support positioned upon the axle located medially near said second end; a first friction reducer disposed on the axle, between the first end cap and the first support; a second friction reducer disposed on the axle, between the second end cap and the second support; wherein the first end cap, the second end cap, and the axle rotate around the longitudinal axi