Microbial fuel cell (MFC) is a new device which can purify the wastewater and convert the chemical energy to electricity using electricigens as catalyst. The MFC device has attracted extensive attentions due to its ability of simultaneous treating waste water and recovering electrical energy. It has many advantages such as mild reaction, nonhazardous product compared to traditional energy sources. In this paper, the development and situation of the anode/cathode materials for MFC were reviewed. However, low columbic efficiency and costly electrode materials are still the bottlenecks restricting its large-scale application. So the common modification methods were shown as well, such as the combination of nanotube and polymer, heating and acid-soaking treatment, which could overcome the disadvantages. Finally, the existing problems which limit the practical application of MFC were presented. It's believed that the application of MFC will have a great prospect if these problems are solved.