1) Sign up for Descript for free. You get one free hour of transcription per month, and no credit card is needed.
2) On the dashboard, click "New Project" and then select "Video Project".
3) Copy and paste the youtube link then hit 'Enter'. A "Transcribing..." pop-up will appear. Choose the audio and name the speaker or speakers.
4) Select the language that matches your YouTube video.
5) Once the transcription is complete, press "C" on your keyboard if you need to make any edits.
6) Finally, click Publish > Export and choose your preferred export format. You can also publish it as a web link to share or embed your transcript alongside the audio using Descript's media player.