A coaxial connector and a connecting terminal thereof are provided. The connecting terminal includes a terminal body having a solder cup and defining a first end and a second end in a longitudinal direction of the terminal body; a pair of first clamping paws disposed at the first end of the terminal body, opposed to each other in a transverse direction of the terminal body, and adjacent to the solder cup; and a pair of second clamping paws disposed at the second end of the terminal body and opposed to each other in the transverse direction. The connecting terminal of the coaxial connector is high in reliability when being connected with a coaxial cable.