The invention discloses a marine high-strain welded steel pipe based on a double-phase structure and a preparing method thereof. The marine high-strain welded steel pipe is made by a wide and thick steel plate having the double-phase structure, the steel grade of the high-strain welded steel pipe is L485MO, the thickness is larger than or equal to 25.4mm, the width of the steel plate is pi(1-epsilon)D-2t, D refers to the outer diameter of the steel pipe, t refers to wall thickness, epsilon refers to a cold expanding rate, the radius-to-thickness ratio is smaller than or equal to 30, the yield-to-strength ratio Rt0.5/Rm is smaller than or equal to 0.85, A is larger than or equal to 25%, and UEL is larger than or equal to 7%. The manufactured steel pipe has the characteristics of high strength, high tenacity, high strain capability, low yield-to-strength ratio, low strain aging influence, H2S corrosion resistance, large wall thickness, small radius-thickness ratio, high diameter precision, small outer diameter error and small out-of-roundness error, can fully meet the technical requirements of marine service on the high-strain thick-walled delivery steel pipe, can be used for deep-sea oil and gas exploitation and saves marine development cost.