The invention relates to multifunctional cocoanut active charcoal deodorant cream and a preparation method thereof. The deodorant cream is prepared from the following components in percentage by weight: 35-50% of cocoanut active charcoal, 20-50% of water-absorbent resin, 5-15% of water, 2-8% of hydrogen peroxide, 0.1-5% of Agave americana extract, 0.1-5% of lemon essential oil, 0.1-5% of asparagus fern extract, 0.1-5% of Spathiphyllum extract, 0.1-5% of Chinese ivy stem extract, 0.1-5% of Dracaena marginata extract and 0.1-5% of tea tree essential oil. The multifunctional cocoanut active charcoal deodorant cream has the functions of reducing the contents of harmful gases in indoor air such as formaldehyde, benzene, methylbenzene, dimethylbenzene, ammonia gas, sulfur dioxide, radon, trichloro ethylene and the like, sterilizing, inhibiting bacteria, deodorizing, removing peculiar smell, absorbing moisture, purifying environment, refreshing and restoring consciousness, relieving fatigue and the like.