Platinum nanoparticles (PtNPs) have superior physicochemical properties and great potential in biomedical applications. Eco-friendly and economic approaches for the synthesis of PtNPs have been developed to overcome the shortcomings of the traditional physical and chemical methods. Various biogenic entities have been utilized in the green synthesis of PtNPs, including mainly plant extracts, algae, fungi bacteria, and their biomedical effects were assessed. Other biological derivatives have been used in the synthesis of PtNPs such as egg yolk, sheep milk, honey, and bovine serum albumin protein. The green approaches for the synthesis of PtNPs have reduced the reaction time, the energy required, and offered ambient conditions of fabrication. Plant extracts contain diverse primary and secondary metabolites, which could serve as natural reducing and capping agents. The plant-mediated biosynthesis of MNPs is a simple and rapid process involving mixing the plant extract with the metal ions solution at an optimized temperature and pH. The nanoparticle generation is indicated by the change in color of the reaction medium.