The invention discloses a method for recycling valuable metal in a waste circuit board. The method includes the following steps that the waste circuit board is subject to smashing and reselection to prepare multi-metal powder; a dilute acid solution is added into the multi-metal powder, agitation leaching is carried out, filtering is carried out, and leaching slag I and leaching liquid I are obtained; an acid solution is added into the leaching slag I according to the liquid-solid mass ratio of the acid solution to the leaching slag I being 10-40:1, then an oxidizing agent is added, agitation leaching is carried out, filtering is carried out after leaching is finished, and leaching slag II and leaching liquid II are obtained; the leaching liquid II is subject to cyclone electrodeposition to obtain cathode copper and an after-electrolysis solution; alkali and a reducing agent are added into the leaching slag II, smelting is carried out under the condition that the temperature ranges from 400 DEG C to 600 DEG C, water leaching is carried out, filtering is carried out, and lead bullion containing precious metal and leaching liquid III are obtained; and the leaching liquid III is purified and is subject to evaporation and concentration to obtain a concentrated alkali solution and sodium stannate crystals. According to the method for recycling the valuable metal in the waste circuit board, the procedure is short, the efficiency is high, the cost is low, cleanness is achieved, and pollution is avoided.