Disclosed is a centralized cloud energy storage system for massive and distributed users and a transaction settlement method thereof, a storage medium, and a terminal. The system includes: a centralized energy storage facility invested and operated by a cloud energy storage service provider; the massive and distributed users; and a power network and a user energy management system connecting the centralized energy storage facility with the massive and distributed users. A user sends a charging and discharging request to the cloud energy storage service provider through the user energy management system, and the cloud energy storage service provider issues a charging and discharging instruction to the centralized cloud energy storage system.