The invention provides a recycling method of copper-chromium contact waste. The recycling method comprises the following steps of (1), preparing the copper-chromium contact waste into a consumable electrode; (2), carrying out vacuum induction melting on the consumable electrode obtained in the step (1) to obtain an alloy melt; and (3), atomizing the alloy melt obtained in the step (2) to obtain copper-chromium alloy powder. According to the method, the copper-chromium contact material is recycled, and the resource utilization rate is improved; the consumable electrode is smelted by adopting anelectrode induction melting method, the introduction of a crucible material is avoided, the purity of the finally obtained copper-chromium alloy powder is improved, the O content is low to 0.05 wt%,and the C content is low to 0.03 wt%; and the prepared copper-chromium alloy powder is high in purity, small in powder particles, the roundness can reach 0.98, and when the copper-chromium alloy powder is used for manufacturing the copper-chromium contact parts again, the defects of macrostructure segregation and large chromium particles can be avoided.