To transcribe text to a video, you can use the transcription feature available on Wavel Studio's transcript editor tool. With this tool, you first need to upload the video file for which you want to create a transcript. The tool will then automatically extract the audio from the video. You can then play the video inside the editor interface. Simultaneously, the audio transcription will appear in real-time in the text editor panel. Here, you can start typing out the transcript, listening carefully to the audio and typing out word-for-word what is being said. You can pause, rewind and play the video as needed while transcribing. Once the full transcription is completed, you can refine it by correcting any errors, formatting the text and adding time-stamps. Finally, you can export the completed transcript file.