Samples using powders of four different fractions, 15–20 μm, 20–30 μm, 30–40 μm and 40–45 μm, were fabricated to investigate the wear resistance, corrosion resistance and tribological properties of the 86WC-10Co-4Cr coating obtained using the HVOF method. The phase composition, microstructure and elemental distribution were analyzed using X-ray diffraction, scanning electron microscopy and energy dispersive spectroscopy techniques. The hardness was measured on a Vickers microhardness tester, the friction coefficient and wear rate were investigated using a tribometer, and the corrosion resistance was evaluated on an electrochemical corrosion station. The results showed that the cross-sectional microstructure of the coating is mainly represented by multifaceted WC crystals embedded in the Co-Cr matrix and the presence of lower tungsten carbides, particularly W2C. The 15–20 μm fraction particles were subjected to superheating, contributing to the decarburization process. The 20–30 µm and 30–40 µm sized particles prevented overheating and had a more homogeneous structure. The 40–45 µm powder fractions did not reach sufficient temperature for complete melting, resulting in the formation of pores in the coating layers. The phase composition of the coatings included WC, W2C and CoO phases. According to the results of the study, it was found that the optimal powder fraction for coating the 86WC-10Co-4Cr composition with improved characteristics is the fraction of the 20–30 µm sized particles.