Up/down-conversion dual-emission carbon dots (U/D-CDs) are rare and have potential in analytical sensing. Herein, a kind of novel U/D-CDs was prepared successfully by a one-step solvothermal method. The prepared U/D-CDs exhibited similar dual-emission behaviors at excitation wavelengths of 300 nm and 680 nm, respectively. In addition, U/D-CDs displayed good photostability and salt-resistance. Due to the protonation-deprotonation, U/D-CDs showed strong pH dependence in the pH range of 2.0–8.0, which developed an up/down-conversion dual-channel ratiometric fluorescence (FL) probe of pH. The FL intensity of U/D-CDs can be effectively quenched by Cu2+ through the static quenching effect. Meanwhile, an obvious color change from yellow-green to blue can be observed under ultraviolet light with the increase of Cu2+ concentration. The up/down-conversion dual-channel ratiometric fluorescence sensor can be used for the visual sensing of pH and Cu2+, which also eliminates background signals and improves its accuracy and selectivity in complex samples.