The invention discloses a polyurea waterproof and corrosion-resistant coating of graphene modified amine-terminated polyether. The coating comprises a component A and a component B, wherein the component A is a quasi-prepolymer which is prepared from isocyanate, amine-terminated polyether and a diluent through reactions; the component B is prepared by the following steps: firstly, preparing graphene oxide; secondly, carrying out carboxylation treatment on the graphene oxide; thirdly, carrying out ultrasonic dispersion on the carboxylation graphene oxide into a dimethyl formamide (DMF) solution; under the action of a dehydration agent, modifying the amine-terminated polyether by using the carboxylation graphene oxide; carrying out reduction treatment on the amine-terminated polyether aftercarboxylation graphene oxide modification by using a chemical reduction method; finally, mixing the graphene modified amine-terminated polyether, a chain extender and aids, thereby obtaining the component B. The waterproof and corrosion-resistant coating is simple in process, green and environmentally friendly in process and has the characteristics of being good in waterproof and corrosion-resistant property, good in adhesiveness, slow in reaction speed, controllable in gelation time, and the like.