A handcuff key having a shank on which is mounted a paddle offset from the end of the shank so that a portion of the shank protrudes beyond the end of the paddle. The key has a first asymmetrical gripping surface as well as a second cylindrical gripping surface. The gripping surfaces are formed of an elastomer while the offset paddle and shank are formed of metal. The key is also provided with a quick release cap which snaps over a double-lock stem extending from the key. In an alternative embodiment, the quick-release cap is provided with an offset key ring to permit the key to hang substantially vertical from an officer's uniform or key ring during storage.