Correct spelling, explanation: the word recipe is a noun originating from Latin like most English vocabulary. However, from this Latin recipere not only recipe is derived. It is also the word receipt, meaning the proof of buying something. Nevertheless, there is no such word as receipe. Therefore, only recipe is correct.

Definition of recipe:
noun, a method of doing something; the food prescriptions,
I have a recipe for a healthy diet, which helps me to be fit, I hope.
You will write a good recipe if you have cooked it many times and it was very delicious.

Phrases with recipe:
be a recipe for something,
Keeping a healthy balance between work and family life is a recipe for longevity.
What is your recipe for happiness?

Incorrect spelling, explanation: users of English can confuse the word recipe, referring to the prescription for doing something or achieving something, with receipt, denoting the proof of purchasing any product. Both words come from Latin recipere but nowadays they have completely different meanings. Moreover, the form receipe does not exist and it is simply spelled incorrectly.

Incorrect spelling

Incorrect spelling

Incorrect spelling