Managed VPS hosting requires no technical experience or 24/7 management, keeping systems secure through automatic OS updates, but costs more than unmanaged VPS hosting. Unmanaged VPS hosting is cheaper but requires technical expertise and manual security updates, giving users more control over their server but being less secure overall than managed VPS hosting. The document compares managed and unmanaged VPS hosting options and their differences in security, costs, required expertise, and level of control provided.