The invention discloses a blood-activating and stasis-removing paste as well as a preparation method and an application thereof, which belong to the technical field of traditional Chinese medicines. The blood-activating and stasis-removing paste comprises sesame oil, a traditional Chinese medicine composition and yellow lead, the traditional Chinese medicine composition is prepared from the following components: angelica dahurica, rhizoma sparganii, curcuma zedoary, angelica sinensis, pawpaw, ligusticum wallichii, teasel root, rheum officinale, lycopodium clavatum, garden balsam stem, dioscorea nipponica makino, schizonepeta, divaricate saposhnikovia root, flos rhododendri mollis, radix angelicae pubescentis, radix clematidis, Zoumajin, cynanchum paniculatum, geranium wilfordii, achyranthes bidentata, notopterygium root, akebia stem, stephania tetrandra, eupolyphaga, safflower, monkshood, radix aconiti agrestis, nux vomica, rhizoma arisaematis, dragon's blood, frankincense, myrrh, garter snake, scorpion, rosin, camphor, leech, garden balsam, borneol, menthol, pseudo-ginseng and gadfly. The paste capable of promoting blood circulation to remove blood stasis provided by the embodiment of the invention is convenient to use, is suitable for people and diseases, has the effects of promoting blood circulation to remove blood stasis, dispelling wind and relieving pain, and can be usedfor effectively treating diseases such as bone diseases, pain toxin, chronic arthritis, lumbago, heel spur and the like.