The electrochemical reduction of Ho (III) on W electrode and liquid Bi film electrode was investigated in LiCl-KCl eutectic by various electrochemical techniques. The reduction reaction of Ho (III) was found to be diffusion-controlled process with three electrons exchanged, which was considered as quasi-reversible. The diffusion coefficient of Ho (III) was determined by cyclic voltammetry and chronopotentiometry. The results of cyclic voltammetry and square wave voltammetry obtained on Bi film electrode exhibited two new reduction peaks at less negative potential than that on W electrode due to the formation of different Ho-Bi intermetallic compounds. Furthermore, the thermodynamic properties on the formation of Ho-Bi intermetallic compounds were measured using open circuit chronopotentiometry in the temperature range from 773 K to 863 K. The electroextraction of holmium was performed on liquid Bi electrode by potentiostatic and galvanostatic electrolysis. The extractive products were characterized by scanning electron microscopy and energy dispersive spectrometry (SEM-EDS) and X-ray diffraction (XRD). It was showed that Ho-Bi alloys consisted of HoBi and Bi phases. The concentration of Ho (III) was monitored by square wave voltammetry and analyzed by inductive coupled plasma atomic emission spectrometer (ICP-AES). The calibration curve was obtained on linear relationship of peak currents and concentration of Ho (III). Meanwhile, the extraction efficiencies were calculated by ICP-AES and calibration curve, respectively, the highest extraction efficiency could reach 95.9% by potenostatic electrolysis at −1.6 V for 27 h.