The treatment of wastewater is essential to preserving the environment and public health. Recent advances in this field have made nanoparticles attractive tools due to their exceptional selectivity, reactivity, and surface area. Particularly, their use in adsorption‐based wastewater treatment has garnered significant interest, focusing on how well nanoparticles can adsorb chemical contaminants, thereby improving treatment effectiveness. A thorough analysis explores various aspects of nanoparticles in wastewater treatment, including different types of nanoparticles used for adsorption, underlying mechanisms, and numerous factors affecting their pollutant removal efficiency. However, it also recognizes potential negative environmental impacts, underscoring the need for comprehensive risk assessments, including eco‐toxicity, release dynamics, and long‐term ecological effects. In light of these challenges, the review emphasizes the revolutionary potential of new nanoparticles in transforming wastewater treatment paradigms. Examples include ZnO nanoparticles and Fe₃O₄ magnetic nanoparticles (MNPs), which excel at removing dyes and reducing sludge volume, while CuO and TiO₂ nanoparticles rapidly eliminate organic pollutants and heavy metals like Pb2+. Additionally, graphical illustrations highlight nanoparticles′ advantages, especially in removing cadmium. These findings underscore the future direction of research on wastewater treatment using nanoparticles, pointing toward increased sustainability and efficiency in addressing water pollution issues.