Recycling precious metals with high-efficiency is undoubtedly beneficial to optimize resource utilization for environmental remediation and sustainable development. Herein, we report an efficient route to recycle the palladium (Pd) and platinum (Pt) electrocatalysts using a phase transfer method. This strategy involves acidic dissolution of deactivated precious metal (Pd/Pt) electrocatalysts from their loading substrates, mixing with an ethanolic solution of dodecylamine (DDA), subsequent extraction of metal ions into a non-polar organic phase, and final reduction by sodium borohydride to reproduce high-performance electrocatalysts towards typical electrochemical reactions, e.g., oxygen reduction reaction (ORR) and ethanol oxidation reaction (EOR). In specific, the transfer efficiencies are up to 98% and the final recovery rate is over 85% for Pd and Pt electrocatalysts in each cycle. This approach symbolizes a facile and efficient way to recover precious metals, which might be applied to recycling a wide range of metals in various realms after appropriate modifications.