You should always store dates using the
DATE type. It should use less storage and will generally be faster when searching than if you stored the same date as a
Additionally, if you stored it as
VARCHAR then the format is baked into your data, which will make it harder for you to use different date formats in the presentation layer. For example, what if one user uses en_US and one uses en_GB, the date will get stored differently within the same column of your database. Then when you query your data, how will you know whether '01/12/2020' is January 12th 2020 or December 1st 2020? There is a big difference.
Storing the date as a date allows you to apply different formatting (such as language differences, or precision differences) in the presentation layer where it belongs.