Nanostructured transition metal (Fe, Co and Ni) carbides and nitrides have attracted much attention due to their active properties in variousa reass uch as nanomagnetism, biomedicine, electrocatalysis, and environmental applications. Generally,t he intrinsically harsh characteristics of carbides and nitrides make their synthetic protocols difficult, especially at the nanoscale, but usually come with improved performance in specific applications.I nt his Focus Review, we give an overview of iron, cobalt, and nickel carbidea nd nitride nanostructures with af ocus on the interactions between the electronic and magnetics tructures and their relation to the crystallographic structure. We also discussb oth traditional and de novo synthetic strategies, and their applications in various areasf rom biomedicine to environmental applications.