The invention discloses an online tool abrasion detection device based on CCD and a detection method of the online tool abrasion detection device. The device comprises a collection box, an industrialpersonal computer and a display. An industrial camera, a double telecentric lens, an annular light source and a triple prism are arranged in the collection box, and the industrial camera, the double telecentric lens, the industrial personal computer and the display are sequentially connected. The device detection method comprises the following steps that firstly, the whole device moves in the X-axis direction and the Y-axis direction of a machine tool; secondly, the whole device runs to the position below a tool, the tool descends, penetrates the collection box and stops at the position abovethe triple prism; fourthly, after calibration is finished, the industrial camera is fixed, and the triple prism is flush with the industrial camera; fifthly, all bottom blade images are collected at atime; sixthly, the height of the triple prism is adjusted, low-speed rotation is conducted, and side blade images are collected; and seventhly, the industrial personal computer conducts data processing on the collected blade part images. The online tool abrasion detection device is integrated to one camera, vision non-contact online detection is conducted, secondary clamping is avoided, and precision and efficiency are improved; and installation is convenient, and operation is simple.