The invention discloses a method for preparing microcrystal foam glass from vanadium titano-magnetite tailings. Pickling is firstly carried out, so that activated vanadium titano-magnetite tailings are obtained, the activated vanadium titano-magnetite tailings, correcting material, a cosolvent and a foaming agent are mixed and ball-milled, the mixture is pressed to be shaped in a cold press, and is finally melted, crystallized and treated by heat in a sintering furnace, and ultimately, the microcrystal foam glass material is obtained. With vanadium titano-magnetite tailings as a main material,by adding the correcting material, the foaming agent and the cosolvent and adopting the crystallization process, the method can prepare the foam glass containing a small amount of microcrystals, thematerial cost is greatly reduced, and the toughness of the glass is increasedimproved. The method has the advantages of high component control precision and high process stability and repeatability, and can achieve higher industrial added value from vanadium titano-magnetite tailings.