The invention provides a copper and silver alloy nanosheet and a preparation method thereof. The preparation method includes the following steps that a copper source is added to solvent A, a protective agent is added, the mixture is stirred to be uniform and then heated to 50-160 DEG C, and a solution a is obtained; a silver source is added to solvent B, and a solution b is obtained through ultrasound; the solution b is added to the solution a, stirring is continued for 5 minutes to 5 hours, then cooling and centrifugation are conducted, sediment is taken and washed, then vacuum drying is conducted, and a copper and silver alloy material is obtained; the molar ratio of the copper source to the silver source to the protective agent is 1:( 0.1-10):(1-20). According to the copper and silver alloy nanosheet and the preparation method thereof, water or ethyl alcohol or polyhydric alcohol serve as the solvent, spherical copper particles serve as the copper source, the protective agent is cheap and easy to obtain, the reaction condition is environmentally friendly and mild, the dispensability of the generated alloy nanosheet is good, the single dispersion degree is high, a certain degree of oxidation resistance is achieved, and the copper and silver alloy nanosheet and the preparation method thereof can be applied to large-scale production.