The invention discloses an integrated device for powder preparation and powder mixing, and an application thereof. The integrated device for powder preparation and powder mixing comprises a medium-frequency smelting furnace, a heat-insulation furnace, an upper spray disc, a lower spray disc, a collection bucket and a powder spray device. The medium-frequency smelting furnace is a fixed-point casting furnace, and a casting center corresponds to the center of the heat-insulation furnace; and the lower spray disc and the upper spray disc are placed in an upper-end connector of the collection bucket, the lower spray disc is connected with a high-pressure water pipeline, the upper spray disc is connected with the powder spray device, the heat-insulation furnace is installed at the top of the upper spray disc, a discharge spout is formed in the bottom of the heat-insulation furnace, and the center of the discharge spout corresponds to the centers of the spray discs. The lower end of the collection bucket is connected with a filter-pressing bucket, and a butterfly valve is arranged between the collection bucket and the filter-pressing bucket. According to the integrated device for powderpreparation and powder mixing, and the application thereof, the two actions of preparation and mixing for metal powder are realized on one piece of equipment, and the integrated device for powder preparation and powder mixing is simple and convenient to operate, high in production efficiency, and low in labor intensity; and moreover, the distribution uniformity and the bonding strength of dispersion-strengthening-phase particles or high-melting-point-phase particles in a matrix material are improved and increased, and the integrated device for powder preparation and powder mixing is simple inprocess path, short in processing flow, and suitable for large-batch production.