Abstract The crystallization behavior of undercooled liquid Pd40Cu30Ni10P20 metallic alloy has been studied with the aid of differential scanning calorimetry, optical metallography, and electron microscopy methods. The crystallization occurs as a single-stage process starting preferably on the surface of casting voids in the sample volume and on the outer sample cutting planes. The linear crystal growth velocity of crystallizing cells was measured at several constant temperatures in the range 590–620 K. It is constant at constant temperatures and its temperature dependence is in good agreement with the theoretical concepts of Uhlmann using the temperature dependence of the viscosity of the alloy studied. A differential scanning calorimetry study of isothermal overall volume transformation kinetics of samples pre-annealed at 600K for 600s was carried out at several constant temperatures. The experimental data are interpreted on the basis of the equation of Kolmogorov-Avrami-Johnson-Mehl for the case of three-dimensional growth of a fixed number of pre-existing nuclei. The possibility to re-vitrify the crystallized samples by their melting in differential scanning calorimeter, followed by quick cooling with cooling rate of 5Ks−1 is shown. The volume transformation kinetics of revitrified samples has been also studied.