communication circuitry;

at least one processor; and

memory storing instructions that, when executed by the at least one processor individually or collectively, cause the electronic device to:

acquire a shared encryption key from a server, wherein the shared encryption key is generated by a previously registered external electronic device;

receive a selection of at least one service to be shared with the external electronic device,

encrypt data including an user identification (ID) and a password associated with the at least one service in response to the selection, using the shared encryption key,

transmit a request for sharing the encrypted data to the server through the communication circuitry to allow the external electronic device to use the at least one service without exposure of the ID and the password,

receive a response to the transmitted request from the server through the communication circuitry, and

generate a notification indicating whether the ID and the password are successfully shared for the selected at least one service, based on the received response.