Developing cost‐effective, high‐performance, and durable electrocatalysts for oxygen reduction reaction (ORR) and oxygen evolution reaction (OER) is pivotal for advancing hydrogen energy conversion and storage technologies. Simultaneously, establishing scalable methods for their production is essential for the widespread adoption of these renewable energy solutions. In this study, we present a successful large‐scale synthesis of surfactant‐free iridium‐doped Pt−cobalt nanoparticles supported on multiwalled carbon nanotubes (Ir−Pt3Co/MWCNTs). This composite demonstrates significantly enhanced ORR and OER activity compared to commercial Pt/C and IrO2 in acidic environments. The Ir−Pt3Co/MWCNTs catalyst composite exhibits a low overpotential of 357 mV at 10 mA cm−2 and a remarkable mass activity of 0.594 A/mgPt. Investigating the influence of Ir doping content on ORR and OER, we found that Pt3Co0.6Ir0.4/MWCNTs showcased the most superior activity in both reactions. We present a reproducible protocol for the synthesis of surfactant‐free Ir−Pt3Co nanoparticles supported on MWCNTs, yielding a bifunctional catalyst capable of efficiently catalyzing both ORR and OER with outstanding efficiency and stability in acidic media. Detailed X‐ray photoelectron spectroscopy (XPS) analysis elucidates the electron transfer between atoms, optimizing the electronic structure and adjusting the position of the d‐band. This optimization enhances the electrocatalytic activity and structural stability of the catalysts, contributing to their superior performance in ORR and OER.