Once you create your Status profile, you automatically get a Status Wallet account. You can create extra accounts if you want to. For example, you can use them to save towards specific goals or to keep track of your short-term and long-term token investments.
Each account has a different Ethereum address. This means that to transfer crypto between your accounts, you need to send crypto to them the same way as you would send it to someone else's wallet. To learn more about why each of your accounts has a different address, check out About custom derivation paths.