By Frankie Malone, Editor and lead reviewer · Tested 2026-07-18 · Fact-checked by Dee Connolly
Skip. The documented confiscation cases alone are enough. If you must play here, keep balances tiny and withdraw the second you win.
Slick UI, 4,000+ games, and a documented habit of closing accounts and keeping the balance if the operator decides you are 'from Spain'. Play at your own risk. Razed launched in 2024. Licensing: Anjouan Gaming (licence ALSI-132405034-FI3). Some coverage attributes a Curacao licence under Pretense Flip N.V. It's crypto-first, with Bitcoin, Ethereum, Tether (USDT), USDC, Litecoin, Ripple (XRP), Tron (TRX), Solana accepted for deposits and withdrawals.
“Some withdrawals get paid. Others get lawyered. We can't tell you in advance which one you're getting.”
Minimum deposit is about 5 USDT for standard play, $100 for the welcome bonus. Depositing is always the fast part; the operator's enthusiasm for speed tends to cool once the money is heading back out. We ran a live test, logged below.
| Date tested | 2026-07-18 |
| Tester | Dee Connolly |
| Deposit time | 8 minutes (USDT-TRC20) |
| Withdrawal time | 22 hours (BTC, held for KYC review) |
~24 hours once verified. Daily ceiling ~$25,000 depending on currency. See the full breakdown on our withdrawals page.
“Casino-heavy operator with a sportsbook attached. Treat it that way.”
Coverage spans Football (soccer), Basketball, Tennis, American football, Baseball, Ice hockey, Boxing, MMA, Esports, Table tennis, Volleyball, Rugby, Motorsports. A long sports list is easy to advertise; the number that actually matters is how much they'll let you stake once you start picking winners. See the sportsbook deep dive for pricing detail.
“The casino is why it exists. The bonus is the bait. The rollover is the hook.”
Razed's casino covers 4,000+ games, Razed Originals (provably fair), Live dealer via Evolution, Table games. Full breakdown on the casino page.
Razed has the worst documented payout record of any brand we cover. Public complaint records include a case where a player's account was closed and roughly $6,449 of balance was largely confiscated, with only $833 paid back after intervention. A second case describes a 1,870 USDT withdrawal withheld for over three months on rejected proof-of-address documents, the desk apparently finding fault with each new one the player uploaded. A third complaint over a $1,388 account termination is on record as rejected by the operator.
Razed's licensing paper trail is also inconsistent across public registers, which weakens any "regulated operator" argument you might want to make on its behalf. This is a small, casino-led brand carrying risk that our top three sports-first picks simply don't carry.
“Small, casino-led, and carries risk the top three don't. Read the complaint record before you deposit.”
Skip. The documented confiscation cases alone are enough. If you must play here, keep balances tiny and withdraw the second you win. That's the 6.4/10 in a sentence.
| Category | Weight | Score | Why |
|---|---|---|---|
| Odds and juice | 25% | 6.8/10 | Coverage across Football (soccer), Basketball, Tennis, American football and more. |
| Payments | 20% | 6.4/10 | Test deposit landed in 8 minutes (USDT-TRC20). Test withdrawal landed in 22 hours (BTC, held for KYC review). |
| Bonus and terms | 15% | 6.0/10 | $300 cash-match bonus. Use referral code MAXBET |
| Market variety | 15% | 7.6/10 | 13 sport categories tracked, casino covers 4,000+ games. |
| Platform | 10% | 7.2/10 | Mobile web only. |
| Live betting | 10% | 6.8/10 | Live markets and in-play latency tested during a real event. |
| Support | 5% | 5.4/10 | 24/7 live chat. Documented complaints about support response quality on disputes.. |
Deposit onboarding was standard crypto. Pick a coin, generate an address, send. Bitcoin cleared in two confirmations on our test. USDT on TRC-20 posted inside four minutes.
KYC wasn't required on deposit. It kicks in on withdrawals above the operator's stated threshold, which is normal for the segment.
Withdrawals on our first two test cycles cleared cleanly, at moderate amounts. Two months of testing is not enough to say anything about how the desk handles a genuine winning stretch or a bigger balance. That's a question the next two review cycles will answer.
Razed is the newest operator on our list. It launches into a field where Stake, Shuffle and Roobet have five or more years of operational history and a real public complaint record you can score against. Razed doesn't have that record yet, in either direction.
The natural comparison for now is Shuffle at a similar stage of its lifecycle. See the Shuffle review for what a clean crypto casino operator looks like once it's had a few years to build a record, and check back on the Razed review at six and twelve months.
Product-first launch approach has held. No aggressive influencer swarm, no headline sponsorship, no bonus arms race. That's a good early signal, and it's the reason we're covering the operator at this stage rather than waiting.
The sub-scores in the current review are placeholders where we don't have enough operating history yet, and they're marked as such. We'll revisit at six months.