Razed is a crypto casino and sportsbook launched in 2024 that has grown quickly on the back of esports sponsorships, a large slot library, its own originals and a rakeback-led rewards system. It is also an offshore operator with an Anjouan licence, strict-sounding terms and a serious 2026 incident: a multi-day outage from 28 May that Razed blamed on a cyberattack. This review covers the licence and operator, the welcome offer and rakeback as of October 2026, games, coins and withdrawals, KYC, and what players and reviewers have reported this year.
- May 2026 outage: Razed went offline on 28 May 2026, first citing maintenance and then a server-level cyberattack, and locked all wallets while it investigated. It was back online and trading normally by August 2026, but we found no independent account of the cause.
- Licence: Anjouan licence ALSI-132405034-FI3, reported as valid to May 2027, held by Wild Technology Ltd of Costa Rica. Player protection is weaker than with the UKGC or MGA.
- Welcome offer (October 2026): most 2026 reviews report a 100% first-deposit match up to $300 plus free spins, with 40x wagering and a short expiry. Instant rakeback is available from sign-up.
- Withdrawals and KYC: crypto payouts are usually processed in minutes, but the terms allow three levels of verification, and the most common 2026 complaint is withdrawals held for documents.
- Not available in the US, the UK, France, Germany, Austria, the Netherlands, Singapore, Israel, Vietnam and other restricted markets, according to 2026 summaries of its terms.
Razed at a glance
| Feature | Details |
|---|---|
| Launched | 2024 |
| Operator | Wild Technology Ltd (also written Wild Technology Limitada), Costa Rica |
| Licence | Anjouan, ALSI-132405034-FI3, reported valid to 27 May 2027 |
| Products | Casino, live casino, Razed Originals, sportsbook and esports |
| Game library | About 4,000 to 4,700 titles from 35 to 40 providers, plus around 20 originals |
| Cryptocurrencies | 11 to 13 coins, including BTC, ETH, USDT, USDC, LTC, XRP, SOL, TRX, DOGE, BCH and DAI |
| Welcome offer | 100% up to $300 plus free spins, 40x wagering, as reported in 2026 |
| KYC | Three levels; can be triggered by withdrawals, with a cumulative €2,000 threshold cited in the terms |
| Trustpilot (October 2026) | 4.0 / 5 from about 390 reviews, with 30% one-star |
| Our score | 4.5 / 5 on our listing, with the caveats in this review |
Details such as bonus amounts, coin lists and restricted countries vary by region and change often. Use this as a guide, and read the terms and cashier on your own account before you deposit.
Our verdict on Razed
Razed has built a credible product in two years. The slot library is large and comes from the studios crypto players want, the originals advertise high return-to-player figures, the sportsbook has real esports depth, and rakeback starts from the first bet rather than after weeks of play. A published 2026 test by CryptoGamble recorded crypto withdrawals clearing in a few minutes. Its sponsorships of two well-known Counter-Strike 2 teams, HEROIC and BIG, show it intends to stay.
The score is held back by three things. First, the May 2026 outage: the site was down for days with balances locked, and the only explanation came from Razed itself. Second, the terms, which one 2026 reviewer rated as risky because they give the casino wide discretion to confiscate balances and send disputes to arbitration in Anjouan. Third, verification: Razed’s three-level KYC process is the root of most of its negative reviews, with players reporting repeated document requests before large withdrawals.
Razed suits slot and esports bettors who want a broad crypto casino with rakeback from day one, and who are prepared to complete full verification. Verify early, keep balances modest, and withdraw winnings rather than leaving them on the site.
Pros and cons
What we like
- Large library of slots from Pragmatic Play, Hacksaw Gaming, Nolimit City, Play’n GO, Relax Gaming and others.
- Around 20 provably fair originals, most advertising RTP near 99%.
- Instant rakeback from sign-up, with a Bonus Builder that lets you choose the type of reward.
- Crypto payouts usually processed within minutes, with no stated maximum on crypto withdrawals.
- Sportsbook with strong esports coverage in CS2, Dota 2, League of Legends and Valorant.
- Wager and loss limits can be set in the account, with a 48-hour delay before they can be raised.
What to watch
- Multi-day outage in May 2026 with all wallets locked, explained only by Razed itself.
- Anjouan licence and terms that send disputes to arbitration in Anjouan, with no independent adjudicator.
- Three-stage KYC that can extend to proof of income or source of wealth.
- Welcome bonus carries 40x wagering and a short expiry; originals and live games count only 20%.
- Inactive accounts can be charged a €10 monthly administration fee under the terms.
- Operator name is reported inconsistently across review sites.
The May 2026 outage
On the evening of 28 May 2026 Razed went offline. According to crypto casino news site LTC Casino, it first described the downtime as unscheduled maintenance lasting a minimum of 12 hours, and its estimates kept slipping. Razed later said on X that it had detected a highly sophisticated server-level attack, had locked down all wallets and funds as a precaution, and had shut down its servers, adding that player funds were safe and pending bets would be paid. While the site was down, players could not log in or withdraw, and scam allegations spread on social media.
Razed did come back. It signed a new main-partner deal with BIG’s CS2 roster in August 2026, CryptoGamble published an updated payout test with its September 2026 review, it was running promotions in October 2026, and players were posting fresh reviews on Trustpilot the same month. What we could not find is an independent account of what happened: no regulator statement, no published post-mortem and no confirmation of whether every balance and pending bet was settled in full.
An outage with locked funds is exactly the scenario offshore licensing handles worst. If it happens again, you have no regulator-run complaints service to turn to. The practical protection is to keep only what you are playing with on the site.
Licence, operator and safety
Razed’s terms, as summarised by CryptoGamble in September 2026, name Wild Technology Ltd, incorporated in Costa Rica, as the operator, holding Anjouan licence ALSI-132405034-FI3, valid to 27 May 2027. SportsGambler, updated the same month, also names a Costa Rica operator with an Anjouan licence. Other review sites have reported a Curaçao link or a different company name, Pretense Flip N.V., which is one reason Fruityslots marked the licensing as hard to pin down in July 2026. Check the footer and terms on the site before depositing, and look up the number on the Anjouan register. Our crypto casino licence guide shows how.
What the terms say
CryptoGamble rated Razed’s terms and conditions as risky. The clauses it highlighted let the casino take action at its “sole discretion” without notice or reasons, allow confiscation of an available balance, include a catch-all clause for “any other actions which may damage the Casino”, and send disputes to arbitration in Anjouan under Anjouan law. Those clauses are common at offshore casinos, but they shift the balance of power firmly towards the operator.
Account security
You can sign up with an email address or through Google, Telegram, X or a MetaMask wallet. Turn on two-factor authentication before your first deposit, use a unique password, and ignore anyone in chat or on social media who offers bonuses or support outside the official site.
Countries where Razed is not available
Two 2026 summaries of Razed’s terms, from The Spike (October 2026) and CryptoGamble (September 2026), list about 30 restricted markets. Both include the United States, the United Kingdom, France, Germany, Austria, the Netherlands, Singapore, Israel, Vietnam, Iran, North Korea, the Comoros and Curaçao, plus French overseas territories and the Dutch Caribbean islands. The Spike also lists Afghanistan, Kazakhstan and Myanmar. CryptoGamble lists Australia, which The Spike does not, so Australian players should check the current terms carefully.
Canada is not on either list, and South Africa, Argentina and Thailand are named as accepted markets. Brazil is a different case: under Provisional Measure 1,394 of 25 September 2026, Brazil closed its market to unlicensed operators, so Brazilian players should not use offshore sites such as Razed; see our Brazil coverage. Using a VPN or false details to get around a restriction breaks the rules of most casinos and the law in some countries, and it gives the operator grounds to refuse a withdrawal. Our coverage pages list what we track in each market, including Canada.
Welcome bonus and wagering
The welcome offer reported by most reviewers in 2026 is a 100% match on your first deposit up to $300, plus free spins. Fruityslots (July 2026) gave the spins as 150 on Sugar Rush 1000. You opt in after your first login; no promo code is needed. Some affiliate listings advertise a larger multi-deposit package, so check what your account actually shows.
| Term | Reported value (2026) |
|---|---|
| Match | 100% of the first deposit up to $300 |
| Free spins | Yes; 150 on Sugar Rush 1000 in one July 2026 version |
| Wagering | 40x |
| Expiry | 5 to 7 days, depending on source |
| Maximum bet while wagering | $50 |
| Game weighting | Slots 100%; originals and live games 20% |
| Minimum deposit for the bonus | Reported between $50 and $100 |
Deposit $300 and take the full $300 match. If 40x applies to the bonus only, you must wager $12,000; if it applies to deposit plus bonus, $24,000. On slots with a 96% RTP the expected cost of $12,000 in wagers is about $480, more than the $300 bonus. With a 5 to 7 day window, many players will also run out of time. Read whether wagering is on the bonus or on deposit plus bonus before you accept.
Separately, AskGamblers notes that every deposit must be wagered at least once before withdrawal, a common anti-money-laundering rule. If you mainly play originals, live tables or sports, the welcome bonus is probably poor value and you may do better relying on rakeback. Our bonuses explained guide shows how to value an offer.
Rakeback, VIP and the Bonus Builder
Rakeback is the centre of Razed’s rewards. It unlocks at sign-up, does not expire, and is followed by daily, weekly and monthly rewards as you play. Razed does not publish the rakeback percentage, so you cannot calculate the exact return in advance.
- VIP tiers: Bronze, Silver, Gold, Platinum, Diamond and Onyx, each split into levels. CryptoGamble reports Bronze 1 at $10,000 wagered with a $20 level-up bonus, Silver at $50,000, and a VIP host at around $500,000.
- Bonus Builder: lets players choose how some rewards are paid, for example as free spins, bonus buys, sports free bets, lossback, reloads or extra rakeback.
- Wager counting: each $1 of real-money wagering counts as $1 towards VIP; wagers from a bonus balance count at 20%.
- Races: regular wager races, such as a $10,000 Hacksaw Gaming multiplier race running to 31 October 2026.
Reaching Bronze 1 needs $10,000 of wagering. On slots with a 4% house edge that costs about $400 in expected losses. A $20 level-up bonus plus rakeback returns a fraction of that. VIP rewards are a discount on play you would do anyway, not a reason to play more.
Our rakeback guide explains how rakeback is calculated and how to compare rates across casinos.
Casino games and Razed Originals
Reviews published in 2026 put the library at about 4,000 to 4,700 games, the vast majority slots, from 35 to 40 providers. Names include Pragmatic Play, Hacksaw Gaming, Play’n GO, Nolimit City, Relax Gaming, BGaming, ELK Studios, Push Gaming, Quickspin, Thunderkick, NetEnt, Yggdrasil and Playtech, although some studios are blocked in certain countries. Live casino comes from Evolution and Pragmatic Play Live, with around 95 live tables and game shows.
Razed Originals
Razed has around 20 to 22 in-house originals, including crash, dice, mines and plinko-style games. Most advertise RTP close to 99%, and they support provably fair verification after each round. CryptoGamble notes that some “Unoriginals” are third-party reskins supplied by an outside studio, so not everything in the section is built in-house. Read our provably fair guide and crash gambling guide for how to check results.
Return to player
Slot studios often release games at several RTP settings. Check the figure in each game’s info screen, not the studio’s headline number. Our RTP guide explains why a few percentage points matter.
Sportsbook and esports
Razed’s sportsbook is supplied by Betby and covers more than 45 sports with pre-match and live betting, cash-out and live streams on selected events. Esports is the standout, with markets on Counter-Strike 2, Dota 2, League of Legends, Valorant, Call of Duty and Rocket League, which fits its sponsorship of HEROIC (since September 2025) and BIG (since August 2026).
Compare prices on the events you bet on rather than trusting a single headline price, and remember that sponsorship of a team does not affect the odds. Our crypto sports betting guide and odds guide explain how to work out a bookmaker’s margin.
Payments: coins, networks and fees
Razed accepts 11 to 13 cryptocurrencies depending on the source, across Ethereum, Base, TRON, Solana, Polygon and BNB Chain. In some regions it also offers card, Apple Pay, Google Pay and e-wallet deposits through partners, but withdrawals are crypto only.
| Coin or network | Reported speed | Notes |
|---|---|---|
| USDT on TRON | Minutes after approval | A flat $3 USDT withdrawal fee has been reported |
| USDC on Solana or Base | Minutes | Cheap networks for small withdrawals |
| Litecoin | About 5 to 15 minutes | Low fees |
| Bitcoin | 10 to 60 minutes | Fees rise when the network is busy |
| Ethereum and ERC-20 tokens | A few minutes | Network fees can be high on small amounts |
CryptoGamble reports a $10 minimum withdrawal and no daily, weekly or monthly maximum on crypto, and AskGamblers also lists no crypto withdrawal cap. Pending withdrawals can be cancelled, which is worth avoiding: reversing a withdrawal to keep playing is a common way to lose winnings. Always check that the network in the cashier matches your wallet. Our USDT casinos guide explains networks and fees.
How fast are Razed withdrawals?
CryptoGamble’s payout test, published with benchmark data updated in August 2026, recorded USDT withdrawals arriving in three to four minutes, and Trustpilot reviewers frequently praise fast payouts. The slow cases are almost always tied to verification. See our instant withdrawal guide for what makes payouts fast or slow.
KYC and verification
Razed is often listed among no-KYC casinos, but its terms describe three levels of checks: personal details such as name, address and date of birth; government ID and proof of address; and proof of income or source of funds. CryptoGamble cites a cumulative withdrawal threshold of €2,000 as a possible trigger, although its own tests above that level were not stopped.
Complaints follow the same pattern. On AskGamblers, one unresolved complaint describes a 1,870 USDT withdrawal held for months pending level 2 verification, and another was rejected after a source-of-funds request. Trustpilot reviews in 2026 describe repeated document requests, refused paperwork and accusations of bonus abuse. These are unverified individual accounts, but the theme is consistent.
Complete verification soon after you sign up, before you have a large balance to withdraw. Use your real name and address, keep deposit receipts, and avoid stacking bonuses across several accounts or devices.
What players say in 2026
Razed’s Trustpilot profile showed a TrustScore of 4.0 out of 5 from about 390 reviews in October 2026, with 63% five-star and 30% one-star ratings, a polarised spread. Positive reviews praise quick withdrawals, responsive live chat, named VIP hosts and rakeback. Negative reviews focus on held withdrawals after verification, cancelled winnings and bonus-abuse accusations. Trustpilot shows the company replies to only a small share of negative reviews.
Review sites are similarly split: Fruityslots gave 6.2 out of 10 in July 2026, citing licensing doubts and complaint handling; SportsGambler gave 3.8 out of 5; Casino Advisor gave 7.3 out of 10. None of them reported a systematic failure to pay, but the May outage and the KYC complaints are the two issues to weigh.
Responsible gambling tools
Razed offers more account tools than many crypto casinos. AskGamblers lists wager limits, loss limits, cool-off breaks of a day, a week or a month, and self-exclusion, and CryptoGamble reports that raising or removing a limit takes 48 hours. Deposit limits, session reminders and reality checks are not listed, and permanent self-exclusion requires contacting support.
- Set a loss limit when you open the account, before you play.
- Use cool-off breaks if a session goes badly, rather than chasing losses.
- Do not let VIP races or level-up targets set your stake size.
- Contact support for self-exclusion and add blocking software to your devices if you want to stop.
Gambling is paid entertainment. Our responsible gambling guide and responsible gambling hub list free help.
How Razed compares with other crypto casinos
| Casino | Main strength | Compared with Razed |
|---|---|---|
| Stake | Originals, sportsbook and VIP system | Larger brand and longer record; Curaçao-licensed |
| BC.Game | Huge library and coin list | Many more coins; also Anjouan-licensed |
| Roobet | Originals and instant rakeback | Similar rakeback-first model, fewer coins |
| Rainbet | Rakeback and simple sign-up | Comparable size and age |
| Gamdom | Esports roots and rakeback | Similar esports audience |
| Solpump | Solana-only originals | Much smaller product, SOL only |
For the current order, see our crypto casino rankings and our Stake alternatives guide.
How to sign up and test a withdrawal
- Check that your country is not restricted and that online gambling is legal for you.
- Register with real details and switch on two-factor authentication.
- Set loss and wager limits before your first deposit.
- Decide whether you want the welcome bonus; skip it if you mainly play originals, live games or sports.
- Deposit a small amount on a cheap network such as TRON, Solana or Litecoin.
- Complete verification early, then request a small withdrawal to your own wallet.
- Keep records of deposits and withdrawals for budgeting and tax.
New to crypto gambling? Our how to gamble with crypto guide covers wallets and networks step by step.
Sources
- CryptoGamble — Razed review (updated September 2026)
- Fruityslots — Razed review (updated July 2026)
- SportsGambler — Razed.com review (September 2026)
- AskGamblers — Razed Casino review and complaints
- The Spike — Razed restricted countries (2026)
- Casino Advisor — Razed Casino review
- Trustpilot — Razed reviews
- Esports Brief — BIG names Razed as main CS2 partner (August 2026)
- The Esports Advocate — HEROIC partners with Razed (September 2025)
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