In this work, a preplaced TaZr alloy powder layer (Ta:Zr = 7:3 in wt%) is coated on a Ti6Al4V substrate by laser-based directed energy deposition. Crack-free, smooth TaZr alloy coating is acquired, and the content of elements (Ta, Zr, Ti, Al, V) distributes in a gradient. In this coating, the bcc α-Ta grains with a rectangular shape and a size of 10–20 nm surrounded by the TiZr phase, the Al3Zr4 phase mainly gathers in grain boundary. The corrosion resistance of the coating and substrate is tested via electrochemical measurement and the coating exhibits a better resistance in 0.5 mol/L H2SO4 solution. The average microhardness of the coating is around 600 HV, which is ~1.7 times than that of the substrate. The wear test results show the mass loss of the coating is approximately 60 times lower than the substrate at room temperature. It is believed that this coating could shed light on not only the protection of Ti-based alloy, but also the Fe-based and Ni-based components with the functionally graded transition layers.