A method capable of enhancing the heat exchanging and humidifying performance of a warming stove and a warming stove with a humidifying function. Water fog is guided into the initial end of an air channel of a stove body, so that the water fog flows through a heat exchange region in the air channel along with circulating air; and the water fog is gasified under a high temperature, so that the circulating air is changed into wet air in the process and carried into a warming space from an outlet at the tail end of the air channel. Heat exchange function is greatly enhanced, and more heat energy can be taken away by humidity-containing gas in each unit volume.