Developing non‐noble‐metal electrocatalysts with high activity and low cost for both the oxygen evolution reaction (OER) and hydrogen evolution reaction (HER) is of paramount importance for improving the generation of H 2 fuel by electrocatalytic water‐splitting. This study puts forward a new N‐anion‐decorated Ni 3 S 2 material synthesized by a simple one‐step calcination route, acting as a superior bifunctional electrocatalyst for the OER/HER for the first time. The introduction of N anions significantly modifies the morphology and electronic structure of Ni 3 S 2 , bringing high surface active sites exposure, enhanced electrical conductivity, optimal HER Gibbs free‐energy (ΔG H* ), and water adsorption energy change (ΔG H2O* ). Remarkably, the obtained N‐Ni 3 S 2 /NF 3D electrode exhibits extremely low overpotentials of 330 and 110 mV to reach a current density of 100 and 10 mA cm −2 for the OER and HER in 1.0 m KOH, respectively. Moreover, an overall water‐splitting device comprising this electrode delivers a current density of 10 mA cm −2 at a very low cell voltage of 1.48 V. Our finding introduces a new way to design advanced bifunctional catalysts for water splitting.