The paper presents the impact of the drawing method on the microstructure and corrosion resistance of galvanized steel wires. The microstructural tests confirmed that, in the drawing speed range v = 5–20 m/s, the use of hydrodynamic dies creates more favorable conditions for the deformation of the soft zinc coating on the hard steel core. The increase in friction at the wire/die interface in the conventional method, as compared to the hydrodynamic method, contributed to the decrease in coating thickness and the increase in the diffusion layer, and the higher the drawing speed, the greater the differences between the analyzed drawing methods. In the conventional method, while drawing at high speeds v = 20 m/s, there was a two-way diffusion and complete remodeling of the ζ phase in δ1. In the hydrodynamic method, at the speed of 20 m/s, in the analyzed micro-areas, places showing the presence of the ζ phase, partially dispersed in the layer with pure zinc, were observed. A corrosion tests comparison between conventionally and hydrodynamically drawn wires showed an improved behavior of the latter. The greater mass in the surface layer of pure zinc, a substrate for the corrosion product in hydrodynamically drawn wires, reacted, creating insulation from the white corrosion produced. The compressive stresses in the hydrodynamic dies caused by the high pressure of the lubricant on the circumference of the wire closed the microcracks on its surface, which additionally sealed the zinc coating.