An electrolytic system for treating wastewater by electrocoagulation, electroflotation or a combination of both is disclosed. The electrolytic system comprises a first electrolytic reactor adapted for receiving the wastewater to be treated, the first electrolytic reactor comprising at least one cathode and at least one anode to perform a first electrolytic treatment for eliminating organic matter and calcium present in the wastewater that impact on nucleation of struvite; and a second electrolytic reactor downwardly connected to the first electrolytic reactor, the second electrolytic reactor comprising at least one cathode and at least one magnesium anode to perform a second electrolytic treatment for producing Mg2+ ions which react with NH4+ and orthophosphates from said wastewater to form a struvite precipitate. The electrolytic system allows eliminating simultaneously orthophosphate and ammonium from the wastewater while enabling the production of struvite.