The invention discloses a measuring device and a measuring method of superconductive AC magnetic susceptibility, belonging to the field of superconducting electronics. The measuring method comprises the steps of: positioning a measured superconducting material between a primary coil and a secondary coil, and fixing the elements in a sealed vacuum chamber, refrigerating the measured superconducting material via a compression refrigeration machine, extracting a voltage signal induced by the secondary coil through a phase-locking amplifier, and simultaneously providing AC voltage excitation to the primary coil through the phase-locking amplifier, measuring the temperature of the measured superconducting material through a temperature controller, storing the voltage signal measured by the phase-locking amplifier and a temperature signal measured by the temperature controller in a computer, and displaying the temperatiredependent curve of the voltage signal measured by the phase-locking amplifier in real time. The measuring method of the invention has the advantages of performing a nondestructive measurement on the conversion temperature of the superconducting material to conveniently master the measurement condition in time, and the measuring method is an efficient, accurate and reliable measurement manner, so that the measuring method has certain practical value for detecting the performance of the superconducting material.