The present application provides a VR environment-based identity authentication method, where the method is applied to a VR terminal device and includes the following: receiving a user identity authentication request; outputting a prompt interface that is used to notify a user that collection of an eye physiological feature is completed in a virtual reality environment, where the prompt interface includes a virtual eye model, and when the user's eye moves, the virtual eye model simulates an eye action of the user; collecting the eye physiological feature of the user; and performing identity authentication on the user based on the collected eye physiological feature. In the present application, precision of collecting an eye physiological feature can be improved.