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Today, we'll be learning how to add watermarks to documents using PDF Exchange Editor. Watermarks serve various purposes such as document protection and indicating ownership. They can be added in either text or image format. To add a watermark, click on the organize tab, then the watermarks drop-down menu, and select add. You can choose to create a watermark using an image file or custom text. Customize the watermark with options for font, alignment, and macros.