The invention discloses high-ductility waterproof anti-crack composite mortar and a mixing method and a construction method thereof. The mortar is prepared from cement, fly ash, mineral powder, lime powder, silica fume, a primary admixture, quartz sand, redispersible latex powder, a waterproof agent, polyvinyl alcohol powder, a water reducing agent, an epoxy emulsion, a curing agent, hydroxypropylmethyl cellulose, an expanding agent and polyvinyl alcohol fibers. According to the disclosed mixing method, a reasonable feeding sequence is adopted to obtain a uniform mortar material. The construction method provided by the invention adopts construction steps suitable for the mortar provided by the invention for different building environments. The composite mortar prepared by the invention has the advantages of water resistance, crack resistance, high ductility, high cohesiveness, seepage resistance, harmful ion erosion resistance, no shrinkage, simplicity and convenience in constructionand the like; can be used for rigid waterproof and anti-cracking engineering of building outer walls and toilets, rigid waterproof and anti-cracking engineering of places such as elevator shafts, roofs and basements, and hydrological engineering such as ports and wharfs which need to be waterproof, anti-cracking and corrosion-resistant.