The invention relates to the technical field of coating preparation, in particular to waterborne titanium white paste and a preparation method thereof. The waterborne titanium white paste comprises the following raw material components in parts by weight: 12-18 parts of deionized water, 2-6 parts of a humectant, 8-12 parts of a dispersing agent, 0.1-0.5 part of a defoaming agent, 70-76 parts of rutile type titanium dioxide, 0.3-1.0 part of an anti-settling agent, 0.1-0.2 parts of a bactericide and 0.1-0.3 part of a pH adjuster. The waterborne titanium white paste provided by the invention hasgood compatibility with a two-component polyurethane system, and the color paste itself is high in stability, suitable not only for the two-component polyurethane system, but also for an one-componentpolyurethane system, an acrylic acid system and other systems, low in VOC (volatile organic compounds) content, safe, environmentally-friendly, simple in preparation method, easy to operate, and suitable for large production operations.