Ownership of crypto on PayPal will soon be more defined on May 27, 2021, 9:46 Editor's take: In the crypto community, there’s a popular expression that applies here. “Not your keys, not your coin,” meaning that if you don’t own the private keys associated with your cryptocurrency, you don’t really own it. With PayPal, you essentially trust your crypto to a third party, but the ability to move your holdings off the platform is coming soon. PayPal will soon address one of the biggest shortcomings of cryptocurrency on its platform. Since mid-October and up to this point, PayPal has offered users the ability to buy, sell and hold four types of cryptocurrency on its platform: Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Notably, the crypto you buy can’t be moved off PayPal into a standalone wallet.