Integrated photonics provides a promising platform for quantum key distribution (QKD) system in terms of miniaturization, robustness, and scalability. Tremendous QKD works based on integrated photonics have been reported. Nonetheless, most current chip-based QKD implementations require additional off-chip hardware to demodulate quantum states or perform auxiliary tasks such as time synchronization and polarization basis tracking. Here, we report a demonstration of resource-efficient chip-based BB84 QKD with a silicon-based encoder and a decoder. In our scheme, the time synchronization and polarization compensation are implemented relying on the preparation and measurement of the quantum states generated by on-chip devices; thus, we need no additional hardware. The experimental tests show that our scheme is highly stable with a low intrinsic quantum bit error rate of 0.50%±0.02% in a 6 h continuous run. Furthermore, over a commercial fiber channel up to 150 km, the system enables the realization of secure key distribution at a rate of 866 bit/s. Our demonstration paves the way for a low-cost, wafer-scale manufactured QKD system.