The invention discloses an environment-friendly type water-based quenching liquid composition as well as a preparation method thereof and a using method thereof. The environment-friendly type water-based quenching liquid composition consists of the following raw materials: water-soluble low-molecular polyether compositions, an anti-rust agent, a bactericide, a pH stabilizer, a complexing agent, ade-foaming agent and water. According to the environment-friendly type water-based quenching liquid composition disclosed by the invention, two water-soluble low-molecular polyether compositions are taken as the principal things, and components such as boron, secondary amine, heavy metal, inorganic salt, diethanol amine and triethanolamine, which are harmful on a human body and the environment areavoided, so that the environment-friendly type water-based quenching liquid composition is safe and environmentally friendly. Using concentration is controlled, so that the environment-friendly typewater-based quenching liquid composition has correct cooling parameters and a correct quenching rate, and meets quenching process requirements of a steel ball; and moreover, the composition has excellent anti-rust ability for multiple metals (steel, copper, zinc and aluminum), and excellent antibacterial ability, and guarantees the performance and the service life of a quenching solution. The quenching solution does not affect surface quality and precision (especially higher than level G10) of a steel ball, is convenient for cleaning and water treatment, saves cost, and meets thermal treatmentrequirements and anti-rust requirements of the steel ball made of steel based materials such as carbon steel and stainless steel.