The invention provides a method for fast reducing graphene oxide at normal temperature. The method includes the steps of firstly, ultrasonically dispersing the graphene oxide into water, and centrifuging to obtain graphene oxide colloid; secondly, adding a variable-valence metal compound into the graphene oxide colloid to perform ultrasonic dissolving, regulating the pH of the mixed liquid to be not smaller than 8, adding hydroboron, and stirring to obtain uniform mixed liquid; thirdly, adding an acid solution into the mixed liquid obtained in the second step under a normal-temperature stirring condition, regulating system pH to be not larger than 8, allowing drastic reduction reaction to happen at the same time, and performing suction filtration, washing and drying to obtain the reduced graphene oxide after the reaction, wherein the reaction ends when no bubbles are generated in the mixed liquid. The method has the advantages that heating is not needed, special requirements on reaction device are avoided, the method is simple in process flow, the reduction reaction only needs 0.5-10 minutes, and short preparation cycle is achieved.