When you click on Addresses within Settings, you can view and change how your wallet is organized.
If you're exploring this section for the first time, you should see a default category called My Bitcoin Wallet. Directly below this, you can click on Add + to create a new one.
Your new category needs a name! You can get as creative as you want, but some common examples include Savings, Spending, and Business Expenses.
You can create as many of these as you need.
Before you begin receiving payments to your wallet, make sure you've completed the Wallet Recovery Phrase process. Your wallet recovery phrase is your backup plan - literally. It's a backup of your private keys that you can use to recover your funds, if you ever lose access to your wallet. Balances from imported addresses are not included in the recovery phrase process, so please be sure to use the Transfer All feature to move them to any of the wallet categories you've set up.
Read more about wallet recovery in our Security Center guide that begins here.