Code Snippet
Add code to your child theme’s functions.php file or via a plugin that allows custom functions to be added, such as the Code snippets plugin. Avoid adding custom code directly to your parent theme’s functions.php file as this will be wiped entirely when you update the theme.
Third-party Plugins
Along with using custom code, it is possible to change the “add to cart” button labels on all single product pages and also on the archive/shop page using a third-party plugin: