The Borohydride Oxidation Reaction (BOR), the anode reaction in a Direct borohydride fuel cell (DBFC), is complex and still poorly understood, which impedes the development and deployment of the DBFC technology. In particular, no practical electrocatalyst is capable to prevent gaseous hydrogen generation and escape from its anode upon operation, which lowers the fuel-efficiency of the DBFC and raises safety issues in operation. The nature of the anode electrocatalysts strongly influences the hydrogen escape characteristics of the DBFC, which demonstrates how important it is to isolate the BOR mechanism in conditions relevant to DBFC operation. In this paper, from a selected literature review and BOR experiments performed in differential electrochemical mass spectrometry (DEMS) in a wide range of NaBH4 concentration (5–500 mM), a microkinetic model of the BOR for both Pt and Au surfaces is proposed; this model takes into account the hydrogen generation and escape.