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Razed
TRUST SCORE
8.6/10
Trusted
Arbitrage bets may be voided — account safe
Razed's written Sports Terms state that accounts face permanent restriction for arbitrage betting, but in practice the account itself isn't restricted — bets identified as arbitrage are voided, without the account being closed or limited.
Generous rakeback
Overview
Razed is a crypto casino and sportsbook that launched in 2024. Per its own Terms of Service, it is owned and operated by Wild Technology Ltd. (Costa Rica), licensed by the Government of the Autonomous Island of Anjouan, Union of Comoros. Third-party sources — not confirmed on razed.com itself — additionally describe a related Curaçao sub-licensing entity, Pretense Flip N.V., and commercial ties to sister brands SpinBit and SpinBet; these secondary claims are lower-confidence and couldn't be verified against Razed's own pages.
$1.49M
24h deposits
$456M
Annual volume
985
Unique depositors (24h)
$2.26M
Tracked balance
Complaints
2 reported issues · 2 unresolved
Operator position upheld
Bonuses, withdrawals & KYC
Official bonus: 100% match up to $300 + spins over 7 days
Bonus wagering usually 40x, RTP-tiered contribution
KYC (ID + utility bill) required at onboarding, not just withdrawal
Withdrawals 'as soon as approved'; tests show ~0-24 hrs
Detailed background research on stated policy — broader than any single number in the score breakdown above, though it informs it. Where an operator's own terms couldn't be fetched, that's noted and the figures are flagged as third-party rather than operator-confirmed.
Bonus policy
Official bonus terms describe bonus-balance wagering "usually 40x" with RTP-tiered game contribution and a 5-day bonus expiry; bonus funds are excluded from sportsbook/esports betting. A separate marketing page advertises a 100% deposit match up to $300 plus free spins, unlocked over 7 days.
Withdrawal timeframe
The official help center gives no fixed timeframe, stating only that withdrawals arrive "as soon as approved"; crypto/e-wallet only, no bank transfer or card. Third-party testing reports roughly 0–24 hours in practice.
KYC / verificationKYC required
The official AML policy applies "Standard Due Diligence" (ID plus a recent utility bill or bank statement) at onboarding, on any withdrawal request, or once cumulative withdrawals reach roughly €2,000; "Enhanced Due Diligence" applies for suspicious activity or higher-risk profiles.
Trust Score breakdown
Licence & regulation
9.0
Payout reliability
8.0
Complaint record
9.0
KYC practice
9.0
T&C fairness
8.0
Ownership
Wild Technology Ltd. (Costa Rica) — confirmed by Razed's own Terms of Service
SpinBit / SpinBet cited by third-party sources as commonly-affiliated brands — unconfirmed directly by Razed
Anjouan, Union of Comoros (licence ALSI-132405034-FI3, confirmed on razed.com); a supplementary Curaçao licence tied to Pretense Flip N.V. is claimed only by third parties