A simple approach to the synthesis of core–shell C60‐Pd@polypyrrole nanoparticles is described. The nanoparticles were characterized by using scanning electron microscopy, transmission electron microscopy, energy‐dispersive X‐ray fluorescence, infrared spectroscopy, Raman spectroscopy, and thermogravimetric analysis. Special attention was devoted to the electrochemical properties of the C60‐Pd@polypyrrole nanoparticles. Thin films formed from these nanoparticles exhibited a large potential range of electrochemical activity. Oxidation of the polypyrrole component was observed at positive potentials. Reduction of the C60‐Pd inner core in a negative potential range depended on the thickness of the outer polypyrrole layer. With a thin outer shell (less than approximately 20 nm), electrons and counter ions can be transported through it, enabling reduction of the inner C60‐Pd phase. Owing to the different redox properties of the two nanoparticle components, these systems represent spherical p–n nanojunctions.