A device and method for preparing high-purity titanium powder by continuous electrolysis are provided. The method includes: electrolyzing a titanium-containing conductive ceramic anode and a rotatable cathode in a fused salt electrolytic tank; continuously transferring titanium powder deposited on a surface of the cathode by the rotatable cathode to a position above the fused salt; scraping the titanium powder by a discharging scraper, and collecting; filtering the titanium powder, and recovering the fused salt; cooling separated titanium powder, washing with deoxygenated and deionized water, and vacuum-drying to obtain final titanium powder. The device includes a fused salt electrolysis mechanism, a continuous titanium powder collection mechanism, a filtering mechanism, a washing mechanism, and a vacuum-drying mechanism.