The invention relates to waterborne, colored, multifunctional, corrosion-resistant and waterproof coating. The coating comprises a power material and a liquid material, wherein the powder material comprises, by weight, 5 parts of titanium dioxide, 10 parts of kaolin, 15 parts of talcum powder, 12 parts of mica powder, 7 parts of calcium carbonate, 3 parts of ceramic powder, 5 parts of glass powder, 4 parts of ground calcium carbonate, 4 parts of wollastonite powder and 3 parts of gelatin powder; the liquid material comprises, by weight, 5 parts of fluorocarbon resin, 4 parts of tert-carbonic acid, 3 parts of organic solvent, 10 parts of amino resin, 12 parts of crosslinking emulsion, 20 parts of acrylic resin, 3 parts of polyethylene, 20 parts of vinyl ester, 0.8 part of wetting agent, 0.4 part of mercaptopropionic acid, 0.6 part of diluent, 1.2 parts of levelling agent, 1.6 parts of film-forming auxiliaries, 0.9 part of thickening agent and 0.6 part of dispersing agent. By the coordination of the powder material and the liquid material, the coating is diversified in function, colored, resistant to corrosion, waterproof and multifunctional.