The invention discloses nanometer TiF3 catalyzed high-volume hydrogen-storing alloy and a preparation method thereof. The compositions of the alloy are shown as the following: La2-xRExMg17-yNiy+100 wt% Co+z wt% TiF3, wherein 0.2<x<0.5, 1<y<3, 3<z<10, RE is at least one of rare earth elements neodymium, yttrium and samarium. The preparation method comprises: in the protection of inert gas, employing induction heating for melting, injecting fused alloy into a copper mold to obtain cylinder ingots; filling a quartz tube with the ingots, performing induction heating fusion, continuously spraying liquid alloy on the surface of a rotating water-cooling copper roller by a slit nozzle at the bottom of the quartz tube to obtain rapid-quenched alloy; and mixing fragmented alloy powder and cobalt powder, performing ball milling, adding trace TiF3 catalyst and continuing to perform ball milling to obtain the alloy powder. Through composition design and structure adjusting, the thermal stability of alloy hydride is reduced and the hydrogen adsorption/desorption capacity and the dynamic performances of the alloy are improved.