Features

• A user can show/hide his profile in Members Directory
• A user can hide/show his profile in directory searches
• A user can hide/show his last active time
• A user can make set his/her account to following status:-
  • Everyone: Everyone can see his/her profile
  • Logged In Users Only: Only logged in users can see his/her profile
  • Friends Only: Only his/her friends can see/access his account
  • My Group Members: Only members of the groups of which the user is member can see the profile.
  • Only Me: That’s private. Only the user and the super administrator can access his/her profile
• A user can allow/block  friendship requests
• Depending on the settings, the user will not be visible anywhere( if they choose so), even will be hidden from widgets etc.
• Admins can set the plugin to be admin only( Only admin can change/update or set default settings in that mode).
• Simple hooks to customize the available privacy levels.
• New: restrict access to members directory. You can select All, Logged In or Site admin only.

So, that is a mix of privacy + visibility or you can say, it allows your users to have preferences over what they want.

BuddyPress User Profile Visibility Manager is a plugin that allows you to give control to your users to manage their account privacy.

The BuddyPress  User Profile Visibility Manages gives following controls to the users.