Mycotoxins are toxic secondary metabolites produced by certain molds and fungi that contaminate various food commodities, posing serious adverse effects on humans and animals. Aflatoxin, ochratoxin, trichothecene, fumonisin, zearalenone, patulin, and citrinin are some of the major mycotoxins affecting food and feed. The scientific community has focused on regulating food and feed materials due to their potential risks. Conventional techniques for mycotoxin detection have certain limitations in terms of sensitivity, specificity, and speed. In recent years, nanotechnology has emerged as a promising approach to revolutionize mycotoxin detection. This review provides an overview of nanotechnology‐based detection methods for mycotoxins in food and feed, discussing the basic aspects of mycotoxins, their health hazards, and conventional methods. It also explores various nanosensors and nanodevices developed to improve the sensitivity, selectivity, and speed of mycotoxin detection, thereby enhancing food safety and security.