The rational design of flexible electrodes is essential for achieving high performance in flexible and wearable energy-storage devices, which are highly desired with fast-growing demands for flexible electronics. Owing to the one-dimensional structure, nanowires with continuous electron conduction, ion diffusion channels, and good mechanical properties are particularly favorable for obtaining flexible freestanding electrodes that can realize high energy/power density, while retaining long-term cycling stability under various mechanical deformations. This Minireview focuses on recent advances in the design, fabrication, and application of nanowire-based flexible freestanding electrodes with diverse compositions, while highlighting the rational design of nanowire-based materials for high-performance flexible electrodes. Existing challenges and future opportunities towards a deeper fundamental understanding and practical applications are also presented.