Loukoumades are made from dollops of doughy batter fried in oil. As they fry, they take on a spherical shape. Once they are golden brown, they are removed from the oil and placed on paper towels to absorb the oil. They are then drizzled with honey, and sprinkled with cinnamon and with chopped walnuts or roasted sesame seeds. It is a dessert that is economical and easy to make.

They can also be served as a salty treat by adding spices and dried herbs like oregano, thyme, paprika, and pepper, etc. to the batter. When served, they are sprinkled with grated cheese. Other variations include coating them with melted chocolate, powdered sugar or sesame seeds.