The invention discloses an antenna power supply device with an accurate current control function on a television and a power supply method thereof. The antenna power supply device comprises an AC-to-DC (Alternating Current to Direct Current) circuit, a DC power supply switch, an antenna power supply circuit with the accurate current control function, a power supply voltage detection circuit, a microprocessor unit, a user instruction receiving unit, a display processing unit and an LCD (Liquid Crystal Display), wherein the output of the AC-to-DC circuit is respectively connected to the DC power supply switch, the microprocessor unit, the user instruction receiving unit, the display processing unit and the LCD. According to the antenna power supply device and the power supply method thereof, on one hand, the power supply current of a satellite antenna can be set accurately, and reliable hardware measures for overcurrent protection or short-circuit protection can be provided so as to protect a front-end power supply source from influences; and on the other hand, when the antenna power supply voltage is in short circuit or other faults causing the fact that a satellite antenna has no power supply voltage occur, the microprocessor can be used for intelligently cutting off the power supply of the antenna, and meanwhile, information for prompting a user on an antenna power supply fault is displayed on a television screen.