> For the complete documentation index, see [llms.txt](https://docs2.dboe.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs2.dboe.exchange/dboe/dboe-tutorial/dboe-defi-board-options-exchange-users-guide-for-beginners-desktop.md).

# DBOE (DeFi Board Options Exchange) User's Guide for Beginners - Desktop

#### DBOE (DeFi Board Options Exchange) User's Guide for Beginners

Welcome to dboe.exchange - the first DeFi European options exchange. 

Get started with 4 quick and easy steps: 

**Step 1: Access the DBOE (DeFi Board Options Exchange​) exchange** 

You can access the DBOE exchange on the DBOE app (For [Android](https://play.google.com/store/apps/details?id=com.dboe\&pli=1) and [IOS](https://testflight.apple.com/join/txpR5LQT)) or [dboe.exchange](https://dboe.exchange/).

<figure><img src="https://lh4.googleusercontent.com/o-1WntZW4l3vaEEb_jOCK-NxaAMsAfTPxg8oAyJaCAUft5JbDkx25emQwnzaN8qCW7X0d3hSOIGWprVBs5PsTAipyn-CbhS30eNSGcQYa1uau8m-HsS_s2wilaNyuaVQcIUSwPrH-lwRM_bYrTpW02o" alt=""><figcaption></figcaption></figure>

DBOE (DeFi Board Options Exchange) interface on web browser&#x20;

**Step 2: Connect DeFi wallet to the exchange**&#x20;

Select “connect wallet” and follow the instructions.

<figure><img src="https://lh3.googleusercontent.com/RMNEowIvRXe8GZ0KrWiPXwP7AGgCG-LLPgnGsiDI5Yh9wlNKCH4SMo6GjSaZQURdycJok_rVMrvhEXTeXy8klblha_ehuEpIiz2KWBggjnyqWlLXTC6MWM78vF3vqsxypXUJDk7VWDEAuf-TyvF_QnU" alt=""><figcaption></figcaption></figure>

To trade at DBOE (DeFi Board Options Exchange), you connect the exchange with your e-wallets. In which, Metamask wallet is chosen by many users to use.

Refer to the instructions for creating a Metamask wallet [here](https://docs.dboe.io/9dCHzczFUh6i870TNQNK/dboe/dboe-tutorial/instructions-for-creating-a-metamask-wallet).

**Step 3: Instructions for placing trading orders at DBOE (DeFi Board Options Exchange​)**

<figure><img src="https://lh6.googleusercontent.com/OBSUpZNsGygjtWPRbgLEDZzkX3TjnlvZDeZycwhKAoG7kC6RhieUfAOarL_LJoZe35_3fRKLPm_sZrsjzhjq_JVSViDwyL78_LqpOx1Yk5TGSUqWM9iuAhAs1zQ1IW5_99bX0lu4hnDK_hSbKPsjEW4" alt=""><figcaption></figcaption></figure>

1 - Select the expiration date and check the price ranges that interest you in Options Chain.&#x20;

2 - View the current price and trading volume of that price range in the Order Book.&#x20;

You can use the Black-Scholes formula to get the suggested option price by going to the “Online DBOE Pricer” section.&#x20;

See more detailed instructions on how to use the Black-Scholes formula [here](https://academy.dboe.io/en/guide-to-trading-and-using-pricer/).&#x20;

3 - Place an order: Select the position you want to place with the same price and trading volume.&#x20;

4 - Check PnL expected on due date in Order Preview.&#x20;

5 - Submit an order by pressing the Approve button under Order Preview and following the instructions.

6 - Check transaction history in Open Orders, Trades, and Positions.

<figure><img src="https://lh6.googleusercontent.com/DRHcZW6qqtt-IstxJMqBfeMjJ11lGagTlgv5zWBKBy1_ug4WOezkpepJRG2QZcjcOF9kzPxGKyDF-ATTjfnyM_ERZ15n0Ui6cW8oTmoOI7QEilSk1WYoqO6CXD5nmLICk4XaLH0SnEm2r_a1u6p0vDU" alt=""><figcaption></figcaption></figure>

Watch detailed video instructions at <https://www.youtube.com/watch?v=TmgRtAq_7_4>

If you're new to options, visit the [DBOE Academy](https://academy.dboe.io/en/) for a complete guide to DeFi and options. Start learning [here](https://academy.dboe.io/start-here/).

Follow DBOE on [Telegram](https://t.me/DBOE_group), [Twitter](https://twitter.com/DBOE_Official) and [Facebook](https://www.facebook.com/DBOE.Official).