White button mushroom (Agaricus bisporus), Higher Basidiomycota, is a very important nutritional and medicinal species which is used for recycling agrowastes including wheat straw, reed plant wastes, waste paper, oat straw, waste tea leaves, some water plants and others. A. bisporus has many usages in human dietary and pharmaceutical fields due to its composition of essential amino acids, fatty acids, carbohydrates, low calories, crude fibers, trace elements and vitamins. Recently synthesized nanoparticles from A. bisporus were used to treat cancer, viral, bacterial and fungal diseases. The goal of this review is to highlight recent data about recycling wastes for Agaricus production and applications of A. bisporus as a reducing agent in the biosynthesis of silver nanoparticles. Organically produced foods are currently highly desirable, but it can also be used for ecofriendly biosynthesis of nanoparticles.