LUNC in the Philippines: peso prices and local rules

Why the Philippines stands out for LUNC

In our keyword data, the Philippines shows the biggest appetite for Terra Classic of the five markets we studied in this region, with more than 1,300 distinct LUNC search terms. People type “lunc to php”, “lunc price php”, “coins.ph lunc”, “lunc to luna 2.0” and “do kwon lunc”. The demand is real. The local supply of LUNC, though, is close to zero: we found no BSP-licensed Philippine platform that lists it.

The Philippines also has the most aggressive approach to offshore exchanges of any market nearby. Since 2024, regulators have named unregistered platforms, ordered ISP blocks and pushed app stores to remove them, and that campaign continued through 2026. Those same offshore exchanges are where LUNC trades. Add new SEC rules that make promoters of unregistered platforms liable, and you get a market where the honest answer to “where do I buy LUNC?” comes with real caveats. This guide gives you those caveats plainly.

BSP and SEC: two regulators, two rulebooks

Trading crypto is legal in the Philippines, but two regulators share the job. The Bangko Sentral ng Pilipinas licenses virtual asset service providers (VASPs) under Circular 1108 from 2021. The Securities and Exchange Commission registers crypto-asset service providers (CASPs) under its own rules. A platform can need both, depending on what it does.

The BSP stopped issuing new VASP licenses in September 2022 and extended that moratorium from 1 September 2025, reportedly indefinitely. We found no sign of it being lifted. In June 2026 the BSP also issued token-listing guidelines that ban privacy coins and set mandatory delisting triggers, including hacks and de-pegs. For Terra Classic’s sister asset USTC, a failed stablecoin, that is a clear barrier. For LUNC, it means any future local listing would face a strict review.

The SEC’s CASP rules (Memorandum Circulars No. 4 and No. 5, series of 2025) reportedly took effect on 5 July 2025. A CASP must be a Philippine stock corporation with PHP 100 million in paid-up capital. Promoters and influencers who push unregistered CASPs can face solidary liability, and fines can reach PHP 10 million per violation. We found no official SEC list of registered CASPs, so we describe local apps as “BSP-licensed” rather than “SEC-registered”.

Offshore apps pulled, one by one

The crackdown on offshore exchanges came in waves. It matters for LUNC because the exchanges that list LUNC are almost all offshore.

1. Mar 2024Binance blockedThe NTC blocks Binance’s website; app-store removal follows.
2. 1 Aug 2025SEC advisoryOKX, Bybit, KuCoin, Kraken, MEXC, Bitget, Phemex and others named as unregistered.
3. Dec 202550 platforms ordered blockedNTC order at the BSP’s request; the full list was not published.
4. Feb–Apr 2026App stores actBinance and Bybit leave Google Play; Binance, Bitget, OKX and MEXC leave the Apple App Store.
5. Jul 2026OKX gone from Google PlayReported missing from the Philippine store by late July.

There is one possible way back for Binance. In May 2026 the SEC gave BlockShoals Technologies final approval to test in its StratBox sandbox, with Binance providing the infrastructure. Testing begins with a 90-day integration with a BSP-licensed VASP, and users can be onboarded only after that. The sandbox is set to run for at least two years from the second half of 2026. We found no confirmed public launch date, and nobody has said whether LUNC would be on the menu.

Coins.ph, PDAX, GCrypto and Maya

We checked what we could verify. Coins.ph is a BSP-licensed VASP, and its exchange API lists 184 symbols, about 150 base assets, with no LUNC. Its in-app Convert feature needs a login, so that part is not confirmed. PDAX, which powers GCash’s GCrypto, has no public market list we could read, and its site does not show LUNC. Maya’s crypto page did not mention LUNC either. We could not confirm the full in-app asset lists for PDAX, GCrypto or Maya.

Globally, LUNC trades on exchanges such as Binance, Bybit, KuCoin, Gate, MEXC, Bitget and Kraken (where Terra Classic still uses the old ticker “LUNA”). Our LUNC exchanges page covers them in detail. Several of those names appear in the SEC’s 2025 advisory or were removed from Philippine app stores, which is why we do not recommend any of them to Filipino residents here.

LUNC price in PHP, and what “lunc to php” really means

There is no LUNC/PHP pair on any exchange. The peso price you see on CoinGecko or in our tools is calculated from the LUNC/USDT market and the USD to PHP rate. The converter at the top of this page does this with live data. The LUNC price page adds the chart and market cap, and the LUNC converter handles any amount you type.

A labeled example with a round, made-up price: if LUNC were ₱0.0025, then 1,000,000 LUNC would be worth ₱2,500, and ₱5,000 would buy about 2 million LUNC before fees. To turn LUNC into real pesos, a holder would sell it for USDT on an exchange that lists it, move the USDT to a local platform and sell it there. Every leg costs something: trading fees, the network fee for USDT, the spread on the peso sale, and the 1.5% on-chain tax if you move LUNC on Terra Classic.

GCash, peso rails and P2P

The peso side is easy. InstaPay, PESONet, GCash, Maya and over-the-counter cash-in centers all feed money into Coins.ph and PDAX, and both sell USDT. The hard part is the next step. Moving that USDT to an offshore exchange to buy LUNC means using a platform the SEC calls unregistered, and possibly an app that is no longer in your local store.

Binance P2P in pesos and Telegram OTC groups still exist, now mostly reached through leftover access or VPNs. We do not recommend either. P2P deals expose you to fraud, frozen e-wallet or bank accounts, and scams that disappear with your money. With no local regulator standing behind the trade, you have nowhere to complain.

On the card side, CEX.IO does accept Philippine residents. Its services there come from CEX OVRS LLC, a St Kitts and Nevis company with no Asian license, and it is neither BSP-licensed nor SEC-registered. Cards are converted at your bank’s rate, and CEX.IO does not list LUNC, so it can only supply USDT or BTC. Being absent from published SEC warning lists is not the same as being authorized.

Pricing LUNC is free. Buying it is a decision.

If you go ahead after checking the rules, the usual first step is USDT. The exchange behind this button does not trade LUNC and is not licensed in the Philippines.

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Tax basics for Filipino holders

The Philippines has no crypto-specific tax law. The common reading is that the BIR treats crypto gains as ordinary income, taxed at the graduated rates from 0% to 35%. The 15% rate introduced by CMEPA applies to unlisted shares, not to crypto, despite what some posts suggest.

In practice, keep a record of every peso you put in, every USDT and LUNC trade, and every peso you take out. Offshore exchanges can close accounts or leave a market with little notice, so export your history regularly. If your LUNC activity is large or frequent, talk to a tax professional before filing.

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Honest routes for Filipinos

Given the rules, here is how we would think about it. The safest options carry no platform risk at all. The riskier ones are your call, and you should make that call knowing what the regulators have said.

If you already hold LUNC on an exchange, the most useful step is to move it into your own wallet. Our wallets guide explains which apps still support Terra Classic; MetaMask cannot hold native LUNC. Before buying anything, read will LUNC recover for a sober look at the supply of about 6.4 trillion coins, and the LUNC vs LUNA guide if “lunc to luna 2.0” is your question. There is no swap between the two. For neighbors with similar issues, compare Taiwan, Vietnam and Indonesia, where Indodax offers a LUNC/IDR pair, or see the full Asia overview.

Our take on LUNC in the Philippines