Metallic nanoparticles of Au, Pt and Pt/Au have been synthesized using a chemical reduction approach. The structural characterization of these metallic nanoparticles has been carried out using conventional transmission electron microscopy (TEM) and high resolution transmission electron microscopy (HR-TEM) techniques. HR-TEM images of Pt nanoparticles reveal their fcc-like structures, in the [103] and [011] orientations. However, in case of Au, the main structures are fcc-like and decahedral morphologies with five-fold symmetry axes. The structure of the gold nanoparticles was verified through their theoretically-simulated images, using a multislice approach of the dynamical theory of electron diffraction. These small particles have been used as electrocatalysts in Nafion membranes for fuel cell applications. The electrochemical characterization of the membranes shows that the Pt dispersion gives best performance for fuel cell applications.