We used the Taylor−Ulitovsky technique to prepare nanocrystalline Co2MnGe Heusler alloy glass-coated microwires with a metallic nucleus diameter of 18 ± 0.1 µm and a total diameter of 27.2 ± 0.1 µm. Magnetic and structural studies were carried out to determine the fundamental magneto-structural characteristics of Co2MnGe glass-coated microwires. XRD revealed a well-defined nanocrystalline structure with an average grain size of about 63 nm, lattice parameter a = 5.62 and a unique mixture of L21 and B2 phases. The hysteresis loops measured at different temperatures indicated a well-known ferromagnetic behavior for the reduced remanent, where a monotonic increasing in the reduced remanent and saturation magnetization occurs. The coercivity shows anomalous behavior compared to the Co2Mn-based glass-coated microwires. The magnetization curves for field cooling and field heating (FC−FH) demonstrate a considerable dependence on the applied magnetic field, ranging from 50 Oe to 20 kOe. Internal stresses, originated by the production process, resulted in various magnetic phases, which were responsible for the notable difference of FC and FH curves on magnetization dependence versus temperature. Furthermore, the ferromagnetic behavior and expected high Curie temperature, together with high degree of the L21 order, make it a promising candidate for many applications.