In this paper, we focus on the well‐posedness, blow‐up phenomena, and continuity of the data‐to‐solution map of the Cauchy problem for a two‐component higher order Camassa–Holm (CH) system. The local well‐posedness is established in Besov spaces with , which improves the local well‐posedness result proved before in Tang and Liu [Z. Angew. Math. Phys. 66 (2015), 1559–1580], Ye and Yin [arXiv preprint arXiv:2109.00948 (2021)], Zhang and Li [Nonlinear Anal. Real World Appl. 35 (2017), 414–440], and Zhou [Math. Nachr. 291 (2018), no. 10, 1595–1619]. Next, we consider the continuity of the solution‐to‐data map, that is, the ill‐posedness is derived in Besov space with and . Then, the nonuniform continuous and Hölder continuous dependence on initial data for this system are also presented in Besov spaces with and . Finally, the precise blow‐up criteria for the strong solutions of the two‐component higher order CH system is determined in the lowest Sobolev space with , which improves the blow‐up criteria result established before in He and Yin [Discrete Contin. Dyn. Syst. 37 (2016), no. 3, 1509–1537] and Zhou [Math. Nachr. 291 (2018), no. 10, 1595–1619].