Versatile wood cellulose, the most prototypical abundant polymer on earth, is considered a promising natural material for the fabrication of biodegradable electronics. The development of biodegradable electronics may help alleviate the adverse environmental impact caused by the fast‐growing electronic waste (e‐waste). The focus of this review is to discuss recent major advances in biodegradable electronics with versatile wood cellulose in terms of supporting substrates and functional components. First, the biological biodegradation and structural hierarchy of versatile wood cellulose is briefly introduced, followed by highlighting three types of cellulose substrates (opaque and hazy cellulose paper, transparent and clear cellulose film, and transparent and hazy cellulose film) for biodegradable electronics. Then, recent progress and research achievements in the use of versatile wood cellulose with multiscale dimensions in biodegradable electronics as a functional component (e.g., advanced light management layer, high capacitance dielectric, and ionic conductor) or even smart materials (e.g., mechanochromic layer, humidity sensing layer, adaptable adhesive layer, and piezoelectric component) are summarized in detail. Finally, an overview of challenges and perspectives for biodegradable electronics with versatile cellulose is provided.