The invention discloses high-grade chipping-resistant water-based ink and a preparation method thereof. The high-grade chipping-resistant water-based ink is prepared from mineral oil, pigments, and the like, wherein cellulose resin is lac resin, hydroxypropyl cellulose, hydroxypropyl methyl cellulose, carboxymethyl cellulose, methyl cellulose, microcrystalline cellulose, gelatin, casein, and the like; a conductive agent is sodium lactate, sodium acetate or sodium pantothenate; the high-grade chipping-resistant water-based ink is prepared from 1-30 parts of charcoal powder, 1-30 parts of lac resin, 0.1-20 parts of cellulose resin, 40-90 parts of more than 60% (v/v) ethanol, 3-20 parts of water and 0.1-2 parts of conductive agent by weight. The water-based ink and the preparation method have the beneficial effects that by adopting the preparation method comprising the steps of weighing the materials according to weight and parts by weight, preparing a first solvent, preparing a dispersion, preparing a lac solution and preparing the high-grade chipping-resistant water-based ink after mixture, the prepared water-based ink does not easily undergo chipping, is convenient to use, has good safety performance, is low in maintenance cost and has longer service life.