Cobalt-based amorphous alloys attracted the attention of many researchers to carry out fundamental research for their application in electronics, sensors and magnetic memory due to their special magnetic properties including close to zero Magnetostriction, magnetic permeability and high saturation magnetization. The purpose of this study is the  formation and evaluation of microstructure and magnetic properties of cobalt-based amorphous alloy produced by melt spinning and mechanical alloying. The final compositions produced by both methods were studied by scanning electron microscopy, X-ray diffraction and vibrating magnetoresistance. The results showed that compound produced by chill block melt spinning has a better magnetic properties.