Using γ-radiation technique, poly(tetrafluoroethylene) (PTFE) membrane was grafted with styrene (St) (PTFE-graft-PS) or binary monomers of St and maleic anhydride (MAn) (PTFE-graft-PS-co-PMAn), respectively. Then grafted membranes were further sulfonated with chlorosulfonic acid into ion-exchange membranes (denoted as PTFE-graft-PSSA and PTFE-graft-PSSA-co-PMAc, respectively) for application of vanadium redox battery (VRB). Micro-FTIR analysis indicated that PTFE was successfully grafted and sulfonated at the above two different conditions. However, a higher degree of grafting (DOG) was obtained in St/MAn binary system at the same dose due to a synergistic effect. Comparing with PTFE-graft-PSSA, PTFE-graft-PSSA-co-PMAc membrane showed higher water uptake and ion-exchange capacity (IEC) and lower area resistance (AR) at the same DOG. In addition, PTFE-graft-PSSA-co-PMAc with 6% DOG also showed a higher IEC and higher conductivity compared to Nafion membrane. Radiation grafting of PTFE in St/MAn binary system and sequent sulfonation is an appropriate method for preparing ion-exchange membrane of VRB.