The invention discloses a mud-proof slump-retaining type polycarboxylate superplasticizer with low shrinkage and high adaptability and a low-temperature preparation method thereof. The polycarboxylatesuperplasticizer is mainly prepared by the following steps: carrying out free radical polymerization on 4-hydroxybutylvinyl polyoxyethylene ether, unsaturated carboxylic acid, an unsaturated amide-type monomer, dipolyethylene glycol maleate, an unsaturated quaternary ammonium cationic monomer, an oxidizing agent, a catalyst, a reducing agent, a chain transfer agent and deionized water at 5-15 DEGC through an aqueous solution, regulating pH value by adding a sodium hydroxide solution, and supplementing water. The preparation method of the invention has advantages of low-temperature production, no heat source, simple equipment, no pollution, short reaction time and high production efficiency. The prepared mud-proof slump-retaining type polycarboxylate superplasticizer endows concrete withgood workability, good adaptability, low shrinkage and high strength, has excellent mud-proof slump-retaining property, and greatly reduces construction difficulty.