The invention relates to a vertical circulating type bicycle parking device and belongs to the technical field of bicycle parking. The vertical circulating type bicycle parking device comprises a frame and a bicycle rack group and is characterized in that a chain positioning rail is vertically arranged and connected with the inner wall of the first lateral wall of the frame, a first sprocket is arranged in semi-sealed circular hole in the upper portion of the chain positioning rail, a second sprocket is arranged in a semi-sealed circular hole in the lower portion of the chain positioning rail,the first sprocket and the second sprocket are connected with a chain, one side, away from the first lateral wall of the frame, of the chain positioning rail is provided with a semi-sealed rail, thesemi-sealed rail is parallel with the chain positioning rail, and identical first sprocket, second sprocket, chain, chain positioning rail and semi-sealed rail are symmetrically arranged on the innerwall of the lateral wall, opposite to the first lateral wall, of the frame. The vertical circulating type bicycle parking device has the advantages that the device combines intelligent control and themechanical device, double-access bicycle parking and taking is achieved, and high space utilization rate and use safety are achieved.