Cobalt-phosphorus (Co-P) alloy is a promising material for the replacement of traditional hard chromium alloy of high hardness. In this paper, the cobalt-phosphorus alloy layer with high phosphorus content was formed by electrodeposition in a cobalt sulfate solution system under direct current (DC), single pulse (SP) current and double pulse (DP) current, separately. Surface morphology, structure and properties of the deposited layer were characterized by scanning electron microscopy (SEM), transmission electron microscopy (TEM), X-ray diffraction (XRD), differential scanning calorimetry (DSC), Vickers microhardness and a neutral salt spray test, respectively. The results showed that the dense Co-P coatings could be obtained by DC, SP and DP with P content of 9.6, 8.9 and 9.1 wt %, respectively. After 30 min heat treatment at 400 • C, coatings deposited under DC, SP and DP currents transformed from an amorphous to a nanocrystalline state, while the grain size was 12-13 nm, 10-12 nm and 8-10 nm, respectively. Among all these conditions, the microhardness of coatings deposited under DP current was the highest, which was 1211 HV, while the microhardness of coatings deposited under DC current was the lowest but higher than that of hard chromium. The wear rate of Co-P coatings was 4 × 10 −6 -5 × 10 −6 mm 3 /N m with Si 3 N 4 ball as bearing material, which was lower than that of hard chromium. In coatings deposited under different currents with a thickness of ca. 40 µm, no visible corrosion area appeared after 1000 h of a neutral salt spray test. Coatings heated at 300 and 400 • C reached the corrosion grade 7 and grade 4-5, respectively after 1000 h of a neutral salt spray test, so the wear resistance of Co-P coatings was better than that of hard chromium.