Steaks of bonito are boned, soaked in brine, then salted and weighted for about a week. They are then ready to eat, or may be stored in olive oil.
Sometimes large mackerel or small tuna are used instead of bonito.
In Greece, lakerda is usually served as a mezze, with sliced onion. Lemon juice and olive oil are common but criticized accompaniments. In Turkey it is usually served as mezze, with sliced red onion, olive oil and black pepper. It is generally accompanied with rakı.
Lakerda is very similar to a prized ancient Greek dish, tarikhos horaion 'ripe salted fish' or simply horaion. Other ancient salt bonito preparations were called omotarikhos and kybion.