Razed

Operator summary

Crypto-first online casino on a low-cost Anjouan licence. Tiered VIP programme on paper, but rakeback and reload percentages are not published — return rates can't be calculated before depositing.

Licence

Anjouan licence ALSI-132405034-FI3 issued to Wild Technology Ltd (Costa Rica reg. 3-102-898807). Anjouan is a low-cost offshore jurisdiction with limited independent dispute resolution; disputes are handled by mediation then arbitration in Anjouan under Anjouan law.

Bonus mechanics

Wager-contribution scales with game RTP: 100% on games at 96.5% RTP or below, dropping to 20% at 99.3% RTP. Table games and table-game equivalents are capped at 20%. A long list of titles (P2P/skill games, all VoltEnt and Booming Games, certain 3 Oaks Gaming titles) contribute 0%. Sportsbook and esports betting with bonus balance is not allowed; bonus-balance bets do not generate VIP progression.

Wagering requirement

40× on bonus winnings (bonus terms §2.2).

Key bonus facts

Bonus expiry

Bonus balances expire 5 days from activation unless a specific offer states otherwise (bonus terms §5.1).

Withdrawal limits

Crypto-only withdrawals, to a personal cryptocurrency address. Minimums and maximums depend on the payment method (shown at cashier). Progressive jackpot wins are paid in full.

KYC

KYC can be requested at any time and must be in Latin or Cyrillic alphabet — otherwise the casino can require video verification with documents on camera. If contact (email or phone) cannot be made within 2 weeks of a withdrawal request, the account is locked.

Payment friction

Crypto-only deposits with per-currency minimums (e.g. BTC 0.00002, ETH 0.0004, USDT 1.1, DOGE 10). Depositing under the minimum loses the funds. Refunds available only within 24 hours of the transaction (or 30 days if account compromise is alleged); pending bonuses and winnings are deducted before refund.

Restricted regions

Restricted regions include US, UK, Netherlands, France and territories, Singapore, Vietnam, Israel, Kazakhstan, Iran, North Korea, Austria, Curaçao, Comoros, and several Caribbean territories (terms §3.5). Sanctioned individuals are also prohibited. Some NetEnt titles have additional jurisdiction-level restrictions (terms §4.1–§4.4).

When not to play

• You are in a restricted country listed in terms §3.5 — withdrawals and refunds may not be processed.
• You want fiat deposit options — Razed is crypto-only.
• You expect a regulator with strong consumer-dispute escalation — Anjouan disputes stay in Anjouan.
• You play primarily table or live games for VIP progress — table games contribute 20%, and bonus-balance play earns no VIP progression.
• You need to know your exact rakeback or reload rate before depositing — these are not published.

What we couldn't verify

These are gaps in publicly available information. Treat them as unknowns when deciding whether to play.

• Maximum bet rule while a bonus is active
• Exact rakeback percentages per VIP tier
• Exact weekly / monthly bonus calculation per tier
• Withdrawal processing time (no published SLA)
• Per-method minimum and maximum withdrawal amounts (cashier-only)
• Sportsbook-specific bonus terms