An apparatus for transmitting and receiving wireless power may include: a transmission module receiving power from an external device to charge a battery; a reception module providing power from the battery to the external device; a switching unit performing switching so as to select the transmission module or the reception module; a switching control unit performing Bluetooth communications with the external device and controlling the switching of the switching unit; and a host control unit creating operating mode information so as to provide the operating mode information to the switching control unit. The switching control unit may perform Bluetooth communications with the external device so that data is transmitted or received depending on the operating mode.