Razed Review 2026: a payout with a receipt attached
Every casino in this market advertises fast payouts. Razed is the one we can prove. A withdrawal request left the cashier and landed in an outside wallet in 3 minutes 25 seconds for a 50 cent fee with no documents asked for. Deposits on the same rail credited in under two minutes. Every transaction has a transaction hash behind it, and reading one on a block explorer is a habit worth having before you need it. What it charges to get back out of Razed is where the surprise is.
Deposit below 100 and no bonus is awarded at all, the steepest entry price on this roster. Between 100 and 199 you also get 100 free spins on one slot, 20 a day for five days. Wagering is 40x on bonus and deposit together inside 7 days, your bet caps at 50, and sports bets contribute nothing.
- Payout, measured
- 3:25wallet to wallet, on Ethereum
- Deposit, measured
- 1:3750 USDT credited, same rail
- Withdrawal fee
- 4.16USDTthe same on every chain
- Deposit floor
- 0.1USDTflat on all four rails
- Bonus wagering
- 40xand a 100 qualifying deposit
- Trading since
- 2025per its own copyright line
Razed minimum deposit by network
Read one network at a time from Razed's own cashier in August 2026. Every bar is the same length because the floor is the same figure on every rail, and the odd decimals give away what it really is: a ten-cent floor converted live into the coin. Press USDC and Tron drops out, because Razed takes Tether on Tron but not USD Coin. DAI gets one rail only, Ethereum. Note what this floor is not: Razed's own terms print 1.1 USDT, eleven times higher than the cashier charges.
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Inside the Razed lobby
Captured in 2026. If you are viewing on a desktop computer you will see the desktop build of the site and if you are using a phone you will see the phone build of the site. Drag the row sideways to see the rest.
By Theo Brandt
Published 14 August 2026
Updated 14 August 2026
Banking figures measured on-chain in March 2026
The Razed round trip, measured end to end
The notion of withdrawal speeds is the most often repeated but least evidenced claim in this market for crypto gambling sites. Casinos put "instant" in their payments table and nobody checks. We did, using real money and blockchain transaction hashes to prove it.
The money went in twice and came out once, all on Ethereum, the least speedy and most costly of the common rails. The use of a public chain makes each transaction verifiable after the fact.
| Leg | Amount | Time | Fee taken by Razed |
|---|---|---|---|
| Deposit, USDT | 50 USDT | 1 min 37 s | None |
| Deposit, ETH | 0.026 ETH | 1 min 28 s | None |
| Withdrawal, ETH | 39.65 | 3 min 25 s | 0.50 |
It took three minutes and twenty-five seconds to complete the transaction from the time the confirmation was pressed until the coins appeared in an outside wallet. The transaction fee of 50 cents was visible on the withdrawal screen prior to confirming the transaction. The amount that arrived was 39.15, the amount that was requested being 39.65. The arithmetic matched exactly.
The deposits came in with the same consistency: 1 minute 37 seconds and 1 minute 28 seconds, nine seconds apart on separate days. That consistency matters more than either number on its own, because two matching times suggest a pattern rather than luck.
No documentation was asked of the player during these payout periods. This is worth stating carefully; a payout of around $40 cleared without documentation, which does not mean Razed never asks. On Razed's verification page, four separate forms of documentation are requested of players: identity, address, payment, and source of wealth. Source of wealth is the most extensive form of documentation requested during potential verification for players with large winnings.
For context on what these numbers are worth, BitStarz publishes three different withdrawal speeds on their website, none of which are measurements. Winz.io publishes the word "instant" on its website with no time figure behind it, and Flush publishes a window per chain that it has never had to prove. Razed is the only gambling house on this list whose claim of withdrawal speed matches the receipt of withdrawal speed from players.
What Razed charges per chain, and what it does not
Four networks carry Tether, which includes ERC-20, TRC-20, and BEP-20 as well as Solana. USD Coin is available on three networks as well, but without Tron. DAI is offered on only one network, which is Ethereum. The minimum deposit is identical on every rail of a given coin, and the odd decimals give it away: 0.10011476 USDT, 0.10001835 USDC, 0.10003484 DAI. That is a ten-cent floor being converted live into whichever coin you picked.
Ten cents is the cheapest door on this roster by a distance. Cloudbet and BetFury are also 0.1 but Razed applies this to every rail including Ethereum which costs a premium at most other casinos.
Then there is the conflict. Razed's own terms, clause 11.3, list the minimums at 1.1 USDT, 1.1 USDC and 1.20 DAI. The live cashier is asking eleven times less. Both numbers are Razed's, and the same clause warns that if you deposit less than the minimum you will lose your funds. If you trust the terms you will overpay by 1 dollar. If you trust the cashier you will be fine, but you are trusting the screen over the contract.
The Razed withdrawal fee ignores the chain entirely
This is the finding worth the whole review. Razed charges one flat fee per coin, regardless of which network you choose.
| Coin | Chain | Minimum out | Fee charged |
|---|---|---|---|
| Tether | Ethereum | 19.44 | 4.16 |
| Tether | Tron | 19.44 | 4.16 |
| Tether | Solana | 19.44 | 4.16 |
| USD Coin | Ethereum | 15.97 | 0.69 |
| USD Coin | Solana | 15.97 | 0.69 |
Read the Tether rows first. Moving value on Ethereum costs real money. On Tron and Solana, it costs a fraction of a cent. Razed charges $4.16 for all three networks. Ethereum gets a subsidy; both alternative chains get a huge markup.
Now read the two coins against each other. Tether costs $4.16 to withdraw. USD Coin costs 0.69 on the same networks. Both are dollars. Yet Razed charges six times more to pay out in Tether than USD Coin; the minimum movement is also less favourable to the Tether holder at 19.44 compared with 15.97 for USD Coin.
The advice inverts the usual casino rule. In most casinos, you select the chain to minimise fees. Here, the chain does nothing, but the coin does everything. Keep USD Coin if you plan to withdraw from Razed often, and see what each rail actually charges for the fees this flat price is standing in for.
The next asymmetry is underneath. Razed takes deposits in thirteen different coins but pays out in eight. DAI, Bitcoin Cash, Dogecoin, Algorand and SHFL can go in but cannot come out in the same coin. BEP-20 is the same story at network level, accepted for both stablecoins on the way in and absent from every withdrawal list. Money can go in on a rail that it cannot come out on.
What the Razed welcome bonus actually costs
The offer reads well on the banner. It's a 100% welcome bonus on first time deposits of up to 300, with free spins on Sugar Rush 1000. The terms underneath it are where the money is.
The qualifying deposit is 100. This is the minimum deposit for all welcome offers on this site, with no bonus awarded on amounts below this threshold. The whole thing then wagers at 40x inside 7 days, with a maximum bet of 50 while it runs and 20 during the free spins, and sports bets contribute nothing towards fulfilling the wagering requirement.
Our test with a 100 deposit and the bonus resulted in a 4,000 wagering requirement and a 500 withdrawal cap. During a test run with six different slots and 2,439 spins, the slot offer cycled through 751 of the 4,000 wagering requirement needed to qualify for a withdrawal, with the balance in the account reaching 13 cents. This is roughly one-fifth of the wagering requirement, achieved with slots with return to player percentages of between 95.23% and 96.5%.
Nothing about this is unfair or unusual, and the tracker that Razed provides is genuinely useful in that it will show you your progress towards the requirement, which many casinos try to hide from you. However, the 40x requirement for a 100 minimum is quite a commitment, and the best way to describe this is using the number that we measured. The 40x multiplier tells you nothing. If you want fast withdrawals, which this casino is known for, then simply decline the bonus.
Those percentages on the Razed game tiles
Every tile in the lobby has a number. This is a useful feature but one that can easily be misread.
What they are
A rolling return figure with a trend arrow, updating as the game is played. The badges range from 24.60% to 118.76%, with 106.57% on another table. The theoretical RTP cannot ever be more than 100%, so these badges must be reflecting the game results over time.
Why it matters
Publishing these percentages at all is more transparency than most of this market offers. Observing the swing from 24% to 118% is a better lesson in variance than a thousand pages of copywriting. Yet placing a percentage on a gaming table tile is visually identical to the RTP percentage for that game, and a player choosing the 98% table over the 68% one has learned nothing of value about either.
Read the game's own RTP before the tile. The figures stated for the slots we played sat between 95.23% and 96.38%, which is a normal range for the studios involved. The Originals shelf has a wider range, from 74.87% to 98.02%, and in-house games are where a casino sets its own mathematics.
Who runs Razed, and under what licence
All the data in the following table is published by the gaming operator itself.
| Detail | Published value |
|---|---|
| Operating company | Wild Technology Ltd |
| Company number | 3-102-898807 |
| Registered address | San Rafael, Edificio Fuentecantos, San Jose, Costa Rica |
| Regulator | Government of the Autonomous Island of Anjouan, Union of Comoros |
| Licence number | ALSI-132405034-FI3 |
| Trading since | 2025, per its own copyright line |
| Verification | Identity, address, proof of payment and source of wealth |
A Costa Rica company under an Anjouan licence is the lowest level of supervision in this market. The same is true of Bets.io, Flush and Winz.io. The Curacao Gaming Authority is one level above the Anjouan licences for operators such as Cloudbet, BetFury, 7Bit and BitStarz. The company details and address are published on the Razed website, placing it ahead of Mega Dice, where this information is not published anywhere on the company website.
The other thing to weigh here is age. As of 2025, Razed is the newest brand on this roster by several years. While a short record does not imply anything negative about a company, it is still less indicative of a brand's strength than a lengthy record of performance. This is, therefore, the primary reason why a payout from a company with no history is so significant.
The responsible gambling page on the company's website is among the better ones. The limits on wagering and losses can be set for daily, weekly, and monthly periods within the account itself, without needing to submit a support ticket. Additionally, a break from wagering for a day, a week, or a month can be taken in the same way. Only when terminating the account permanently does the company require contacting support.
Support itself we timed too. One question about bonus terms received a response from a live agent in 57 seconds, with the full answer with a link in 1 minute 47 seconds. For the market as a whole, this is a good showing for customer support.
Games and originals at Razed
Razed advertises over 4,000 games. This is their own figure that includes slots, live casino games, game shows, new releases, a sportsbook and then a separate shelf of exclusives. The games on their website include the usual suspects including Hacksaw Gaming, Pragmatic Play, Evolution, Peter and Sons, ELA Games and then a long list of others behind them.
The in-house Razed Originals slot games include Shoot-Out, Plinko, Blackjack, Keno, Mines, Limbo, Dice and Rock Paper Scissors. Funding custom games is a better use of the marketing budget than funding another deposit match, and Razed's carry their own artwork throughout.
The slots we ran were all mainstream titles with published RTPs between 95.23% and 96.5%, including Hot Ross, Brick House Bonanza, Tea Party of Fortune, Razed Barbarossa, Le Viking, Wanted Dead or a Wild and Le Fisherman. One round of free spins on Hot Ross resulted in winnings of 79.88 with a 0.10 stake, with 45.55 earned from a single spin. This represents the variance for these slot game titles.
On the promotions side the tournaments offer players a chance to win free entries into a 100,000 free-to-play World Cup predictor, a 10,000 wager race, a 10,000 multiplier race and a 10% lossback on the house game. Lossback offers the most honest take on the cashback promotion.
Razed casino review verdict
Razed is the casino on this roster that stopped being a claim and became a receipt: three minutes twenty-five seconds from confirm to an outside wallet, a 50 cent fee disclosed before the button, 39.15 arriving against 39.65 requested, and two deposits nine seconds apart on the slowest rail there is. No documents required to receive such a payout, self-serve deposit and loss limits offered and support answered in under a minute. On the things that decide how a digital dollar behaves, Razed delivered on the promise.
Its published pricing is good too. Three dollar tokens start at 1.1, 1.1 and 1.20 and are some of the flattest and some of the cheapest in the competition, with thirteen coins including DAI showing real breadth.
The catch is on the way out. Razed charges a flat fee for each coin paid out, regardless of blockchain; a Tron or Solana withdrawal costs just as much as an Ethereum one, despite the chain costing a fraction of a cent; Tether costs six times as much to withdraw as USD Coin from the same casino; five of the thirteen deposit coins cannot be withdrawn, and BEP-20 is one of them. The welcome bonus makes it worse: 100 to qualify, 4,000 to clear, and a run of 2,439 spins that got a fifth of the way there.
Razed's licence is on Anjouan on a Costa Rica company whose copyright line reads 2025. Scored on how well a casino handles a digital dollar, Razed earns 7.7 out of 10. Take it for the payouts, decline the bonus, and check your chain's minimum on the deposit screen before you send anything.
How Razed compares on deposit floors
The price of entry into each casino. Each of these prices were obtained from the casino's own cashier or price list.
| Casino | USDT rails | Cheapest | Dearest | Pattern |
|---|---|---|---|---|
| Razed | 4 | 0.1 USDT | 0.1 USDT | Flat, all rails |
| BetFury | 9 | 0.1 USDT | 3 USDT | Slides 30x |
| Cloudbet | 7 | 0.1 USDT | 1 USDT | Slides 10x |
| BC.Game | 8 | 1 USDT | 1 USDT | Flat |
| Mega Dice | 4 | 0.5 USDT | 5 USDT | Slides 10x |
| Flush | 5 | 1 USDT | 100 USDT | Slides 100x |
| Bets.io | 5 | 5 USDT | 5 USDT | Flat |
| 7Bit Casino | 3 | 5 USDT | 5 USDT | Flat |
| Winz.io | 5 | 20 USDT | 20 USDT | Flat |
| BitStarz | 1 | 10 USDT | 10 USDT | One chain, rest converted |
Razed now ties Cloudbet and BetFury for the cheapest door in this market, and it is the only one that holds that floor on every rail including Ethereum. The full minimum deposit grid is on our USDT minimum deposit comparison, the Tron picture is on TRC-20 casinos, and the USDC side has its own page at USDC casinos.
Razed casino review FAQ
How fast are Razed withdrawals? 
We timed one. An Ethereum withdrawal of about 0.02 ETH took three minutes and twenty-five seconds to show up in an external wallet, after a 0.50 network fee. Both deposits we timed went in under two minutes. Every figure has a transaction hash behind it.
What is the minimum deposit at Razed?
The live cashier is about ten cents and that is the same on every rail: 0.10011476 USDT, 0.10001835 USDC, 0.10003484 DAI. The written terms state a minimum of 1.1, which is eleven times higher. See our USDT minimum deposit comparison for the full field.
Which networks does Razed support?
Tether is on four rails: ERC-20, TRC-20, BEP-20 and Solana. USD Coin is on three rails, excluding Tron. DAI uses the Ethereum blockchain only. Withdrawals for all three are narrower, and BEP-20 is missing from them entirely, so it is a deposit-only rail.
Does Razed require KYC?
There were no documents requested for withdrawal of about 40 dollars. The verification page lists four requirements for when checks are triggered: identity, address, proof of payment and source of wealth. A small withdrawal clearing without documentation is not a promise that a large one will.
Is the Razed welcome bonus worth taking?
This casino offers a 100% match up to 300 that requires a 100 minimum deposit, the highest entry price of all the sites tested. A 100 deposit brings a 4,000 wagering requirement and a 500 withdrawal cap. Our test run wagered 751 of that 4,000 across 2,439 spins before the balance was gone.
What are the percentages on the Razed game tiles?
They are a rolling return figure that can surpass 100%. Several read above 100%, such as 118.76% for one Crazy Time table, a figure that no theoretical return rate can achieve. The return rate for these games can be found in the game information panel.
Who operates Razed and under what licence?
Wild Technology Ltd. is the company that operates these games and it is headquartered in Costa Rica. The company number is 3-102-898807 and its full address is San Rafael, Edificio Fuentecantos, San Jose. The company is licensed by the Government of the Autonomous Island of Anjouan under licence ALSI-132405034-FI3. The copyright for their products displays the year 2025.
Theo Brandt
I spent two years on the support side of a crypto payment processor, telling people their transfer had landed on a chain the receiver did not run. Every one of those losses traced back to a figure the business already knew and had never published. Casinos are the worst for it, so I open accounts and read the cashiers myself, one coin and one network at a time.
7.7
First deposit 100% up to 300, 100 to qualify
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