While baked cheesecakes are prepared in an oven, often in a water bath, no-bake cheesecakes don't need to be baked; they just need to be refrigerated to set.
Because whipped cream or gelatin is used, no-bake cheesecakes are lighter, creamier, and firmer, whereas baked cheesecakes are thicker and have a smoother, custard-like feel.
The cooking procedure gives baked cheesecakes a deeper, more complex flavor, whereas no-bake cheesecakes taste lighter and fresher.
While baked cheesecakes take a lengthier baking and chilling time, no-bake cheesecakes require a few hours to chill and set in the refrigerator.
While baked cheesecakes must be properly preserved in order to maintain their flavor and structure, no-bake cheesecakes are simpler to make ahead of time and keep in the refrigerator.