Studies on metal nanoparticles have been intensively carried out from a wide variety of scientific and practical interests [1][2][3][4][5][6][7][8]. These nanoparticles consist of several tens or hundreds of metal atoms in each one. Thanks to this limitation of particle size and number of metal atoms, nanoparticles show their own properties, which can be classified by the terms "quantum size effect", "nanoscopic effect" or "nanosize effect". This size limitation introduces the quite high population atoms located on the surface area. For example, 1.5-nm sized noble metal nanoparticles have 55 metal atoms in each particle (Fig. 4.1). In this case, 42 atoms (76.4% of the total atoms) are located on the surface area but only 13 atoms (23.6%) are located in the inner core. Atoms located on the surface area are chemically unsaturated and they are dominant in nanoparticle systems ( Fig. 4.2). This phenomenon introduces special properties of nanoparticles different from the properties of the bulk, which are dominated by the chemically saturated atoms of the inner area.Many methods have been essayed to prepare perfectly mono-sized metal nanoparticles. Mass production of metal nanoparticles with a high monodispersity and a high reproduction-ability is very important to realize the potential application of metal nanoparticles as materials. At this moment, much attention is being paid to this research area.The preparation of metal nanoparticles has a very long history. It began with the very popular experiments of Michael Faraday on gold nanoparticle aqueous dispersions (hydrosols) in the 19th century [9,10]. Faraday showed the formation of wine color dispersions of gold nanoparticles by the reduction of AuCl − 4 using phosphorus. This unique color is the origin of many of the current applications of metal nanoparticles to optical or biological materials [11].Among many interesting topics located in the field of metal nanoparticles, the preparation and characterization of noble metal nanoparticles, especially bimetallic nanoparticles, will be mainly treated here [4,12]. Properties of bimetallic nanoparticles, comprising two different metal elements in one particle, are of great interest from the viewpoint of the improvement of catalysis by metal nanoparticles. Addition of the second element improves the catalytic properties of the single-metal catalyst and often generates new properties, which cannot be achieved by monometallic nanoparticles.Pioneering studies on metal oxide-supported bimetallic nanoparticles for catalysis have been carried out by Sinfelt et al. [13,14]. They used EXAFS (extended X-ray absorption fine structure) techniques to analyze the nano-alloystructures of the bimetallic nanoparticles [15][16][17][18][19]. Good reviews on these supported bimetallic nanoparticle catalysts have already been published [12,20]. On the other hand, nonsupported bimetallic nanoparticles can show specific properties depending on the size, composition, and structure of the nanoparticles themselves, which are not affected by the...