The invention relates to a process for preparing oxidized wax from coal wax. The process comprises the following steps of preparing for a raw material, namely F-T coal wax, adding F-T coal wax into a three-neck flask, gradually heating to 100 DEG C and melting the F-T coal wax; then, adding a catalyst, wherein the weight of the catalyst accounts for 0.1-1.0% of the weight of the F-T coal wax; and introducing 0.2-0.8L/h oxygen gas to each gram of F-T coal wax, controlling the reaction temperature within 125-160 DEG C at the stage, reacting for 3-8 hours, then, taking out the product while the product is hot, sampling and analyzing. According to the process, the oxidized wax is prepared from the F-T coal wax instead of the traditional wax, so that the burden of petroleum resource shortage is relieved, and the economic additional value of the coal wax is increased; materials such as a heavy metal ionic catalyst, nitrogen shielding gases, a water-carrying agent and polymerization additives are not used; the reaction time is short, the process is simple and convenient to operate, the prepared oxidized wax product is light in color and smell, and the acid value and saponification value of the prepared oxidized wax product meet the requirements of the SASOLWAX A28 index of south Africa; and no special processing equipment is required in the process.