A color electronic paper using RGBW color particles and a driving method thereof are provided.The color electronic paper using RGBW color particles includes an upper substrate and a lower substrate spaced apart from each other; partitions disposed between the upper substrate and the lower substrate and forming a red subpixel, a green subpixel, a blue subpixel, and a transparent subpixel; a medium mixed with first charged particles and second charged particles and stored to the red subpixel, the green subpixel, the blue subpixel, and the transparent subpixel respectively; and a controller for applying the same voltage value as a smallest voltage value among voltage values applied to the red subpixel, the green subpixel, and the blue subpixel, to the transparent subpixel.