OnlyFans is a British based company content subscription service based in London.
It allows content creators to receive funding directly from their fans on a monthly basis as well as one off tips and the pay-per-view (PPV) feature, content creators can make easy money from users that subscribe to their profile.
It is popular with sex workers but also by content creators from other genres such as mode and fitness models, and other creators who post regularly pictures online.
What the name already says OnlyFans MEANS for fans only, which comes in handy because of the high demand for personal contact between the creators and their fans.
Many popular creators such as Belle Delphine are a good example of this, she managed to earn almost 1 million dollars within 24 hours, it is therefore an easy way to make a lot of money quickly, what happened with the earned MONEY and where it goes you can read here.
You can find a link under this blog post that directly points to the website where you can find answer to further questions.
For all questions about what is illegal or not I refer you to the website, here you can find more info to all your questions.
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