Recent research on supercapacitors (SCs) has been attractive due to the potential application in a variety of fields related to energy storage. Electrode materials play a very important role for the performance of SCs and various metal nanoparticles are involved in the SC electrodes. In this paper, the roles of metal nanoparticles for SCs are reviewed and discussed. They can serve as a dopant to modify the surface of electrode materials, or be embedded in a composite to effectively reduce the resistance and lead to an enhanced specific capacitance. Some metal nanoparticles can be also employed as electrode materials directly, but easily being oxidized. Metallic nanoparticles can even act as current collectors, especially for these noble metals with excellent stability and high conductivity. Nanoporous metals prepared by dealloying and electrochemical method can be used as both pseudocapacitive materials and current collector of SCs. Some important experimental data on this issue are summarized. A brief discussion on the future directions, challenges and opportunities in this topic is also provided.