Advantages of MyISAM

• Simpler to design and create, thus better for beginners. No worries about the foreign relationships between tables.
• Faster than InnoDB on the whole as a result of the simpler structure thus much less costs of server resources.
• Full-text indexing.
• Especially good for read-intensive (select) tables.

Disadvantages of MyISAM

No data integrity (e.g. relationship constraints) check, which then comes a responsibility and overhead of the database administrators and application developers.

Doesn't support transactions which is essential in critical data applications such as that of banking.

Slower than InnoDB for tables that are frequently being inserted to or updated, because the entire table is locked for any insert or update.