The invention discloses a method for manufacturing tungsten/cobalt carbide composite powder with a nanostructure. The method includes steps of firstly, dissolving, by mass, 55-92% of water-soluble tungsten salt, 3-40% of water-soluble cobalt salt, 3-6% of water-soluble carburizing and nodulizing agents and 0.1-2% of water-soluble composite grain growth inhibitors into water with the mass 3-5 times that of a mixture of the water-soluble tungsten salt, the water-soluble cobalt salt, the water-soluble carburizing and nodulizing agents and the water-soluble composite grain growth inhibitors to prepare mixed aqueous solution; secondly, quickly crystallizing the mixed aqueous solution obtained in the first step; thirdly, pre-treating crystalline, which is obtained in the second step, at the pretreatment temperature ranging from 500 DEG C to 700 DEG C to obtain nodular powder; and fourthly, performing reduction synthesis and carbon conditioning for powder materials, which are obtained in the third step, at the temperature ranging from 900 DEG C to 1000 DEG C to manufacture tungsten/cobalt carbide composite powder materials with nanostructures. The method has the advantages that a process is simple, and the hard alloy powder materials with the nanostructures can be produced in an industrialized manner.