The invention provides a method and system for exploiting seabed flammable ice. The method comprises the steps that two shafts are drilled through a drilling platform and reach a seabed flammable ice layer, the depths of the two shafts are different, the distance between the two shafts is small, two cavities are formed in the bottom of the shafts through explosives in an exploded mode, the two cavities are communicated, high-temperature sea water is constantly poured into the bottom of the deeper shaft, so that methane is changed into the gaseous state from the solid state, gaseous methane is jetted from the other shaft, moistures are eliminated through pressurization and cooling, the temperature is lowered to minus 162 DEG C in a refrigerating mode through a nitrogen compressor, so that liquid methane is formed, or the methane is made into flammable ice again to be stored, and part of methane is used as fuel for heating sea water. The method and system for exploiting the seabed flammable ice has the advantages that as long as pouring of the high-temperature sea water is stopped, the flammable ice can stop decomposition, insulation measures are applied to pipes and containing tanks, and therefore waste of heat energy cannot be generated; power is supplied by a diesel generator, the manufacturing cost is low, and operation is reliable; the method for exploiting the seabed flammable ice belongs to the gap permeation substitution method, and seabed collapse cannot be caused; emission only comprises carbon dioxide, and other waste is used for seabed backfilling and recycled.