Recently, the reversible charge-discharge reaction of BiF3 electrode for fluoride shuttle battery (FSB) that can be used as a promising candidate for next-generation battery are observed using a liquid-based electrolyte. In this study, we investigate the electrochemical performance of PbF2 as an active material for the FSB. To increase the electronic conductivity, the PbF2 was mixed with carbon, and the composite material between PbF2 and carbon, PbF2/C, is formed. High charge and discharge capacities are obtained for PbF2/C during the first cycle. Although the charge and discharge capacities gradually decreased, the charge-discharge reactions occurred in the second and third cycles. To confirm the progress of the charge-discharge reactions, the crystal structure change of the active material during charging and discharging in the first and second cycles is evaluated using X-ray diffraction (XRD). From the XRD results, the formation of Pb and PbF2 during discharging and charging can be confirmed, indicating that the discharge (PbF2 + 2e- Pb + 2F-) and charge (Pb + 2F- PbF2 + 2e-) reactions progress in both the first and second cycles.