CHAR is a fixed length data type. CHAR(n) will take n characters of storage even if you enter less than n characters to that column. For example, "Hello!" will be stored as "Hello! " in CHAR(10) column.

VARCHAR is a variable length data type. VARCHAR(n) will take only the required storage for the actual number of characters entered to that column. For example, "Hello!" will be stored as "Hello!" in VARCHAR(10) column.