The invention relates to a kind of isolating edible protein in the mung bean and pea and the producing method thereof, which belongs to the field of the edible protein producing method technology. It is characterized in that, the steps are as follows: a. alkali dissolving: adding alkali solution into the waste mud after starch processing of the mung bean and pea, adjusting pH to 9.0-11.0; b. impurity isolation: separating by separator, discharging parts of fiber and residues of the protein solution; c. acid precipitation: adding hydrochloric acid solution into acid tank for adjusting pH to 4.5-5.5; d. protein concentration: secondary separation, adding water for adjusting the density of the protein solution to 8-15%; e. neutralizing: adding alkali solution for adjusting pH up to 7.0; f. sterilizing, removing soy smell: high temperature sterilizing, flashing and then degassing and removing soy smell; g. homogenizing: homogenizing in homogenizer; h. spray drying: spray drying for acquiring edible isolating protein. The invention uses the seriflux produced by starch process as the raw materials to produce edible protein, the product has good appearance, good quality, and has solubility, emulsifying property, water absorbing and oil protecting ability, foamability and other good characteristics, and is environment protected.