What is Monero?
Monero is safe, private and can not be tracked. With Monero you are, of course, your own bank and you have control over your funds.
Your transactions and accounts will be hidden from everyone except yourself.
Security:
Monero takes distributed P2P networks in use, better known as peer-to-peer. Each transaction is cryptographically secured. The individual accounts have a 25-word generated code that appears when it is created and it needs to be written down to restore the account. The user files are encrypted with a bothered code to ensure that they are unusable if they are stolen.
private:
Monero uses a cryptographic audio system that allows you to send and receive funds without your transactions being available on blockchain (The Distributed Base of Transactions). This ensures that your purchases, receipts and other shipments remain private by default.
Impossible to trace:
By taking advantage of "ring signatures" (a special type of cryptography), Monero ensures that your transactions are impossible to track. This means that it is unclear what funds have been used and hence extremely unlikely that a transaction can be linked to a particular user.
It is therefore a good idea to get into Monero as it has a promising background and a good team behind it.