Copper oxide and cobalt oxide (Co3O4, CuO) nanocrystals (NCs) have been successfully prepared using microwave irradiation. The obtained powders of the nanocrystals (NCs) were characterized by X-ray diffraction (XRD), transmission electron microscopy (TEM), thermogravimetric (TGA) analysis and Fourier-transform infrared spectroscopy. The obtained results confirm the presence of both nanooxides which have been produced during chemical precipitation using microwave irradiation. TEM micrographs have shown that the obtained nanocrystals are characterized by high dispersion and narrow size distribution. The results of X-ray diffraction confirmed those obtained from the transmission electron microscope. Optical absorption analysis indicated the direct band gap for both kinds of the nanocrystals.