A nontoxic, simple, inexpensive, and reproducible strategy, which meets the standard of green chemistry, is introduced for the synthesis of copper nanocrystals (Cu NCs) with olive oil as both reducing agent and capping agent. By changing the reaction parameters, the shape, size and surface structure of the Cu NCs can be well controlled. The obtained Cu nanocubes show excellent catalytic properties for the catalytic reduction of dyes and CO oxidation. Moreover, the prepared Cu nanocubes as substrates exhibit surface enhanced Raman scattering (SERS) activity for 4-mercaptopyridine (4-Mpy). Therefore, this facile route provides a useful platform for the fabrication of Cu NCs which have the potential to replace noble metals for certain applications.