It's on by default
Every room starts with the waiting room enabled. Nobody drops into your call unannounced.

You decide who comes in. The waiting room is on from the moment a room is created.
Every room starts with the waiting room enabled. Nobody drops into your call unannounced.
When someone opens your link or types the code, they land on a waiting screen with their display name until you let them in.
As the host you see who's waiting and choose Admit for each person. You can also decline.
Because the waiting room holds people, it's safe to send the room link or 6-character code before you're ready to begin.
More on sharing a room in Share a room.