Razed review: licence, withdrawals, complaints and verdict

Image: Razed on X

Razed is a crypto casino and sportsbook that launched in 2024, runs under an Anjouan licence and is operated by a Costa Rican company. Its fans praise instant crypto payouts and a large game library; its critics point to document requests that appear at the moment of withdrawal. We read the licence claims, review sites and complaint pages below. We did not play there.

• Launched: 2024 (AskGamblers lists it as established in 2024; Gambling.com and FairGambling agree on the year, none gives a month)
• Operator: Wild Technology Limitada, shown by FairGambling and AskGamblers; Win.gg writes it as Wild Technology Limited, registered in San Jose, Costa Rica
• Licence: Anjouan, as stated by review sites; we could not match it to a licence number in the licensor's register (see the licence section)
• Coins: 13 listed by FairGambling as of 3 September 2026, including BTC, ETH, USDT, USDC, SOL, LTC, XRP, TRX, BCH, DOGE, ALGO, DAI and SHFL
• KYC policy: contested: one review site says none, another describes four verification steps, and players report document requests at withdrawal
• Games: 4,000+ titles per Win.gg, including five Razed Originals, 145+ live dealer games and a sportsbook covering 40+ sports
• UK and US: UK is outside any UKGC licence; the US is restricted by its terms, as reviewers report. Check the casino's own terms for the full list
• Our rating: Mixed

Razed sits in our Bitcoin casinos, Ethereum casinos, USDT and stablecoin casinos, Solana casinos, altcoin casinos and crypto slots casinos lists, and in the wider crypto casinos hub.

Razed has a large game library, a named operator and many reports of fast payouts, but its Anjouan licence could not be confirmed in the register and players allege held withdrawals around verification. No regulator action found.

We rate crypto casinos from public sources only: the licence and what it covers, who owns it, what players report about withdrawals and complaints, how clear its terms are and how long it has been trading. Last reviewed 12 October 2026. How we rate crypto casinos.

Razed arrived in 2024 and grew quickly through affiliates and sports sponsorship. The operator name on FairGambling and AskGamblers is Wild Technology Limitada, and Win.gg describes the operating company as registered in San Jose, Costa Rica. We found no company filing, named director or founder on any page we opened, so ownership beyond the operating company is not something we can state.

The brand has spent heavily on esports. Esports.net reported on 6 August 2026 that Razed became main partner of the German organisation BIG's Counter-Strike 2 squad, with shirt placement, community activations and support for the BIG CLUB, a FACEIT hub the article says has more than 130,000 members. Search results from esports outlets also describe an earlier sponsorship of the Norwegian team HEROIC's CS2 roster announced on 29 August 2025; we could not open that announcement, so treat the date as reported, not confirmed.

Sponsorship shows money and marketing weight. It says nothing about how the casino treats a disputed withdrawal, and we do not treat it as a safety signal.

Razed's library is large and led by mainstream studios. Win.gg, in a review last updated 24 September 2026, lists Pragmatic Play, Hacksaw Gaming, NetEnt, Relax Gaming, Nolimit City, BGaming and Play'n GO among more than 50 slot providers, with live tables from Evolution, Pragmatic Play and 155.io. It counts 145+ live dealer games and a sportsbook with 40+ sports, plus esports betting.

The in-house side is five Razed Originals (Dice, Limbo, Keno, Mines and Wheel) and a set of instant-win titles the site calls Un-Originals. Gambling.com, in an October 2026 review, quotes a total payout of 96.8% for the site as a whole and a count of over 4,000 games. Treat the payout figure as an editorial average, not a guarantee for any single game.

If you want to see what the big providers' titles look like before choosing, we cover Wicked Grin from Hacksaw, Gator Hunters 2 from Nolimit City and Big Bass Halloween Splash 1000 from Pragmatic Play. Whether a given game is available depends on your country and on the casino's own lobby.

Withdrawals are described as fast by review sites and by many players; the friction comes with verification. FairGambling, last updated 3 September 2026, lists withdrawal speed as often instant, no withdrawal limit and example fees of $3 for USDT and $0.50 for ETH, with 2FA confirmation. Win.gg says withdrawals are usually instant unless delayed by network congestion or ID checks, that users pay the network fee and that there is no maximum threshold.

The sources disagree on KYC. FairGambling says no KYC and ID verification never; Gambling.com calls Razed a KYC free casino; Win.gg describes four steps (verification details, proof of identity and address, proof of payment and source of wealth), with the first two possibly needed for payouts depending on location and the last two asked for case by case. Our reading is that the casino reserves the right to ask, and that players who are asked find it hard to predict.

That is what the complaints reflect. On Trustpilot, as of our visit on 12 October 2026, Razed held 4.0 out of 5 from 389 reviews, with 63% five-star and 30% one-star. Several recent one-star reviewers, between 6 and 29 August 2026, say they were asked for items such as utility bills, bank statements and work documents before a payout, and a few say a balance was reduced or an account closed after verification. These are reviewers' own accounts; Trustpilot does not fact-check them and we have not seen the casino's side. Others in September and October 2026 praise fast withdrawals.

One sourcing note: the brief we started from quoted FairGambling's 3.0 out of 5 from 183 reviews for Trustpilot. The live Trustpilot page showed a higher score and more reviews when we opened it, so the FairGambling figure appears out of date.

Razed says it is licensed in Anjouan, and that is an offshore licence with limited protection for players. Gambling.com, Win.gg and AskGamblers all name the Anjouan authority, and AskGamblers names the Anjouan Gaming Board. The licensor runs a public register with a "Verify a Licence" page. When we opened the register page, its table showed headings only, so we could not match Razed or Wild Technology to a licence number or expiry date. We therefore report the licence as claimed by review sites, not confirmed from the licensor's own list.

What an Anjouan licence covers: the licensor says holders must keep anti-money-laundering provisions and responsible-gambling obligations. What it does not give you is a strong complaints route. The licensor mentions a player complaint process and authorised ADR providers, but a Trustpilot page for the regulator, rated 1.5 out of 5 from 30 reviews (all one-star) as of our visit, is full of reviewers who say complaints went unanswered. That page is not about Razed, and the reviews are unverified, but it shows how little recourse players should assume. The regulator's own site also mentions one unnamed licence suspension on 10 February 2026; it does not say which operator.

Provably fair claims apply to the originals, and we found no independent audit certificate on any page we opened. We did not find a proof-of-reserves page either. A copycat page on a test domain claimed Razed holds a UKGC licence; it does not appear to be credible and nothing from the UK Gambling Commission supports it.

The bonus side is mostly leaderboards, races and VIP rewards, with wagering rules attached. TheSpike's review describes a 100% first-deposit match up to $300, mostly leaderboard tournaments and weekly promotions, no no-deposit or free-spin offer, and it shows the wagering requirement as unknown. Win.gg says welcome offers vary by player type and location. Always read the terms on your own account before accepting anything.

Win.gg describes a five-level VIP scheme (Bronze, Silver, Gold, Platinum, Diamond, 25 tiers in total) based on total wagers across casino and sportsbook, with rakeback, weekly and monthly bonuses, birthday gifts and a VIP host that may vary by location. Trustpilot reviewers split here: some praise VIP hosts, while others call the rewards poor. Wagering rules apply to most bonus money, and a bonus can lock funds until the playthrough is done.

We found no regulator action, court ruling, hack or shutdown involving Razed, and no scam finding by anyone with authority to make one. What we did find is a recurring pattern of reports about verification and held withdrawals.

• Trustpilot, August 2026: several reviewers allege withdrawals were cancelled or refused. One says a $500 withdrawal was cancelled and the balance cut back to a $25 deposit; another says a $635 withdrawal was not paid after a $300 deposit; another says they were asked for work documents. Another alleges funds were confiscated after two days of ID checks. These are allegations from single reviewers.
• Trustpilot, September 2026: a reviewer reports funds held for three days; others use words such as "scam" in their review titles. Those are their opinions, not findings.
• Trustpilot company replies: the profile says the casino replies to about 5% of negative reviews, usually within two weeks. We did not find a published reply to the specific allegations above.
• AskGamblers: three complaints listed (one resolved, one unresolved, one rejected) against a CasinoRank of 7.3 out of 10 and a player rating of 8.1 from 16 reviews, with inconsistencies on the page itself. FairGambling says Casino Guru showed no unresolved complaints; we could not open Casino Guru ourselves.
• BitcoinTalk: FairGambling reports nine scam accusations there, marked unresolved. We could not open the threads, so treat this as unverified.

We looked for Reddit threads and found none we could open. With roughly 389 Trustpilot reviews, a 30% one-star share is not trivial, but the same page shows 63% five-star and many recent reports of fast payouts. That mix is why we rate it mixed rather than poor.

The good

• Large game library from well-known studios, plus a sportsbook and live tables.
• Many reviewers report fast crypto withdrawals; Trustpilot shows steady praise in September and October 2026.
• Coins include BTC, ETH, USDT, SOL and others, with no stated maximum withdrawal.
• The operating company is named, and AskGamblers shows only three complaints.

The bad

• The Anjouan licence could not be matched in the licensor's register from the page we saw, and it is an offshore licence with limited dispute routes.
• Sources contradict each other on KYC, and players report document demands at withdrawal.
• Trustpilot shows 30% one-star reviews, with allegations of cancelled withdrawals and reduced balances.
• Little public ownership detail beyond the operating company.

Our verdict. Razed is a mixed case. It has real positives (fast payouts reported by many players, a big library, a named operator) next to real concerns (an offshore licence we could not confirm in the register, unpredictable verification, and a visible group of players alleging cancelled withdrawals). No regulator or court has acted against it that we could find, which keeps it out of the poor bracket. If you use it, assume you may be asked for documents and that complaint routes are weak.

A casino must hold a UK Gambling Commission licence to offer gambling to people in Great Britain, and Razed is not UKGC licensed. UK players are outside GAMSTOP and UKGC protections on a site like this. Check the casino's own terms for whether it accepts UK players; Gambling.com's review tells readers to check the restricted-countries list in the terms.

Crypto adds its own points: balances move with the market, transfers are final, casinos often pay out in the coin you deposited, and bonuses carry wagering rules. Gambling is for adults only (18+), and wins are never income. Free help is available at BeGambleAware.

• FairGambling: Razed review
• Trustpilot: Razed reviews
• Win.gg: Razed review
• Gambling.com: Razed Casino review
• AskGamblers: Razed Casino review
• TheSpike: Razed.com review
• Esports.net: BIG and Razed CS2 partnership
• Anjouan Gaming: licensor site and register
• Trustpilot: Anjouan Gaming reviews

Is Razed legit?

Razed says it holds an Anjouan licence, and several review sites repeat that. We could not match it in the licensor's register page we saw, and no regulator has acted against it that we found. Players report both fast payouts and held withdrawals, so we rate it mixed.

Does Razed require KYC?

Sources disagree. FairGambling says no ID verification, Gambling.com says KYC free, while Win.gg describes four verification steps that may be asked for on payout. Trustpilot reviewers in August 2026 report document requests at withdrawal, so expect that it may be asked.

How fast are Razed withdrawals?

Review sites describe crypto withdrawals as often instant, with network fees such as $3 for USDT as of 3 September 2026. Trustpilot reviewers also praise speed, but others report days of holds around verification, so timing depends on whether your account is checked.

Who owns Razed?

Review sites name Wild Technology Limitada (Win.gg writes Limited) as operator, registered in San Jose, Costa Rica. We found no company filing or named owner on the pages we opened, so we cannot say more about who is behind it.

Can UK players use Razed?

Razed is not licensed by the UK Gambling Commission, which is required to offer gambling in Great Britain. UK players would be outside GAMSTOP and UKGC protections. Check Razed's own terms for its restricted-countries list.

What licence does Razed have?

Review sites say an Anjouan licence. Anjouan is an offshore licensor with a public register, but its complaints route is criticised by reviewers on Trustpilot. We could not confirm a licence number for Razed ourselves.

18+ only. Gambling can be addictive; set limits and never chase losses. Free, confidential support: BeGambleAware.