The invention discloses water-based coating containing a graphene / zinc-aluminum hydrotalcite nano composition and a preparation method thereof. The water-based coating is prepared from the following components in parts by weight: 30 to 50 parts of water-based resin, 25 to 40 parts of water, 0.1 to 0.5 part of dispersing agent, 0.1 to 0.5 part of wetting agent, 0.1 to 0.5 part of defoaming agent, 0.1 to 0.5 part of thickening agent, 0.1 to 0.5 part of film forming aids, 0 to 10 parts of curing agent, 0 to 25 parts of titanium dioxide, 0 to 20 parts of calcium carbonate, and 0.1 to 2.5 parts of graphene / zinc-aluminum hydrotalcite nano composition. The graphene / zinc-aluminum hydrotalcite nano composition is added into the water-based coating, so that the high temperature resistance, the corrosion resistance, the flame retardant property, the weather resistance, the impact resistance, the abrasion resistance, the hardness and the obstruction property of the water-based coating are significantly improved, and the multiple functions of the water-based coating are improved.