Paypal got a bad reputation since they can revert transactions and I think at some point they favored the buyers/shoppers in the past. But yes you can buy BTC to users using paypal which paypal don't have the knowledge to the nature of the transaction.

There are still as far as I know users here buying and selling from user to user in the forum using paypal. Its a private transaction.

For as long as I remember, PayPal has been something that people recommende due to its reversible nature as mentioned above.

Virwox was one of the few exchanges that accepted PayPal back in the very early days, but charged high fees (I believe 20%, if not more).

The major problem you would have to consider in a possible case scenario like this is privacy. To start with, you can't buy some coins on PayPal without carrying out KYC verification and that is one thing that old bitcoin enthusiasts avoid the most. Buying such a huge amount back then has a lot of risks on the buyer.

That's crazy high besides that did they require KYC back then too because this is the first time I'm actually hearing about them.

@robertcarlyle: Interesting question. I wasn’t around in 2010, but looking back, I get why PayPal might’ve felt like a shortcut – familiar, fast, done. But yeah, the reversibility kills it. Imagine sending BTC and then getting PayPal’d in reverse? Brutal. I wonder though: did anyone really go through with huge buys like that via PayPal back then – or was it more of a “try and see what explodes” phase?

I remember this and had a time that I was able to use it and it's a good one during the early days. The design was not that good at all but it's one of the best platforms for those folks that were looking to use their PayPal funds for Bitcoin. I think that 10%-20% of fee wasn't a problem before when someone who's just excited to have Bitcoin at that time.

If there were no choice before, it was a good way not until exchanges and P2P deals have come the way.

early 2010
you know already there was no real exchanging of coin for funds until near-on mid 2010
most people were still doing faucet giveaways.

no one was spending $1k to buy/invest in bitcoin in 2009-2010, especially not via paypal for anything let alone bitcoin
everyone knows paypal is more for the garage sale trinkets(ebay) purchase amounts

your obsession with trying to get as much info about experiences of 2009-2010 to fill-in a certain story where you want to pretend you were an early investor of $1k bitcoin at 2009-early 2010 prices is going to be a waste of time no one would believe you and they will want proof in the form of you signing an address of a hoard of coins you 'supposedly' have

i know your game is to try to get info to sound convincing by telling a story of how you 'supposedly' obtained coin. but that story wont be sufficient to be your "proof"

generally by mid 2010 people were buying $10-$50, at a stretch $100 of bitcoin(from my own research)..

so please stop trying to play-out this silly $1000 of bitcoin scenario of 2009-early2010 prices. we all know you are just trying to gather info to pretend its then your (con-artist) experience

people just didnt view it as a investment coin 2010. it was viewed as a currency to play with coin to batle-test it as a payment system, or to use to buy their weekend drug habit of small dosages. so people were only spending $10-$50

your obsession of your fixed story of "$1k bitcoin early adopter 2009-2010" is a nonsense story to keep trying to find experiences of

^ Interesting question, but, in general what an understanding of this fact would give you today?

Using Paypal to buy bitcoin back then was part of the available processes but was a full dose of bad reputation in the sense that objection can be raise by the dealers not to had received successful transaction and the platform not having a consolidated third party like the exchange platforms p2p could revert the asset with a deaf reaction of not verifying before taking decision like the appeal panels in the p2p exchange does.