Blast furnace slag (BFS) is usually regarded as a by-product of the steel industry, which can be utilized as raw material for preparing BFS-based zeolite (BFSZ). In this study, BFSZ was successfully prepared from BFS using alkaline fusion-hydrothermal synthesis. Via the analyses by XRD, SEM, EDX, XRF, FT-IR, elemental mapping and BET/BJH methods, BFSZ crystallization was almost complete at 6 h. With a further increase of crystallization time to 8 h, no significant effect on the formation of crystalline phase was found. Meanwhile, the zeolite content Si/Al (Na/Al) molar ratio was highly affected by crystallization time. The main component of BFSZ prepared at 6 h is cubic crystal with developed surface, with particle size around 2 μm. Moreover, further increasing the crystallization time will not significantly influence the size and morphology of BFSZ product.