Over the past few years, Lead-free halide double perovskites have attracted a tremendous attention such that it is demonstrated by the power conversion efficiency's sharp increase of over 25 %. It has also stimulated a widespread application of halide metal perovskites in other fields, such as light-emitting diodes, field-effect transistors, detectors, and lasers. Double perovskites have been put forth as an alternative to hybrid lead halide perovskites in the last decade because of their efficiency in doing away with the existing toxicity and instability. It is probably the first attempt, to date, that lead-free halide double perovskite K2AgBiBr6 has been made with a cheap, easy-to-use solution-state reaction method. To determine their structure, single crystal X-ray diffraction and PXRD analysis have been employed. The synthesized K2AgBiBr6 adopts the cubic structure with Fm‾3m symmetry and lattice parameters of a = 6.606 (9) Å at room temperature, according to the diffraction result. Energy dispersive X-ray spectroscopy (EDX), elemental mapping, and scanning electron microscopy (SEM) have all been employed to analyze the morphology and elemental composition. Elements including K, Bi, Ag, and Br have been confirmed to be present in the synthesized sample by the EDX technique. For K2AgBiBr6, the 2.859 eV (indirect) and 3.076 eV (direct) bandgaps have been estimated by employing the UV–Vis absorption spectra. Furthermore, the K2AgBiBr6 double perovskite nanocrystal's thermogravimetric analysis/differential thermal and differential scanning analysis (TG/DTA and DSC) curves at 20–800 °C have been measured. An analysis has been conducted on the mechanism of thermal decomposition of synthesized double perovskite. This work demonstrates great promise for future band gap engineering-based photovoltaic and other optoelectronic applications, and it offers a novel path to obtaining premium K2AgBiBr6 double perovskite.