An electronic device is provided. The electronic device includes wireless communication circuitry, a display, memory, comprising one or more storage media, storing instructions, and at least one processor communicatively coupled to the wireless communication circuitry, the display, and the memory, wherein the instructions, when executed by the at least one processor individually or collectively, cause the electronic device to receive, from a wearable device through the wireless communication circuitry, an advertising signal, transmit, to the wearable device through the wireless communication circuitry, user identification information associated with the electronic device, receive, from the wearable device through the wireless communication circuitry, response information indicating that the user identification information associated with the electronic device corresponds to user identification information associated with the wearable device, transmit, to the wearable device through the wireless communication circuitry, a request message for changing a mode of the wearable device to a transfer mode for connecting the electronic device to the wearable device without a reset of the wearable device, based on the response information receive, from the wearable device through the wireless communication circuitry, a response message for the request message, wherein the response message comprises identification information for the wearable device, and perform a setting procedure for the wearable device based on the identification message.