Attack and Receive is a Normal Trap Card.
Trap Cards are normally Set first and can be activated on a later turn, often in response to an action.
On the current TCG and OCG Forbidden & Limited lists tracked here, Attack and Receive is Unlimited.
YGOPRODeck lists Attack and Receive for these formats: GOAT, OCG GOAT, Duel Links, Common Charity, Edison, TCG, OCG, Master Duel.
A listed print of Attack and Receive appears in Dark Beginning 1 (DB1-EN173) at Common rarity.
Among markets shown on this page, the lowest listed snapshot for Attack and Receive is about $0.03 on Cardmarket (prices change frequently).