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In this video tutorial, the speaker explains that the standard edition of DocHub reader does not allow password protection for PDF files. To password protect a PDF file, the professional version of DocHub reader is needed, which requires payment. However, the speaker demonstrates two free methods to password protect PDF files. The first method involves using DocHub reader's online password protect feature, which can be accessed by searching for "DocHub reader password protect online". The user can then drag and drop the file to password protect it on the DocHub reader website.