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Quick answer
"Existe" is a form of "existir", an intransitive verb which is often translated as "to exist". "No existe" is a phrase which is often translated as "it doesn't exist". Learn more about the difference between "existe" and "no existe" below.
An intransitive verb is one that does not require a direct object (e.g. The man sneezed.).
1. (to be real)
a. to exist
Mi hermanito todavía cree que existe el Coco.My little brother still believes the Boogeyman exists.
2. (to be found)
a. to be
Existen varios volcanes activos en Hawaii.There are several active volcanoes in Hawaii.
b. to exist
No existe suficiente apoyo para que el movimiento continúe.Not enough support exists for the movement to continue.
3. (to be alive)
a. to live
Los tardígrados pueden existir hasta en el espacio profundo.Tardigrades can live even in deep space.
b. to exist
El tigre de Tasmania ya no existe.The Tasmanian tiger no longer exists.
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no existe
A phrase is a group of words commonly used together (e.g once upon a time).
1. (third person singular)
a. it doesn't exist
Me pregunto si hay alguna crema que de verdad quite la celulitis. - No, no existe.I wonder whether there is any cream that really gets rid of cellulite. - No, it doesn't exist.
b. doesn't exist
La ciudad en realidad no existe, es algo que el personaje de la película imagina.The city doesn't really exist. It's just something the character in the movie imagines.
c. there doesn't exist
De momento, no existe una cura para la enfermedad.For the time being, there doesn't exist a cure for the illness.
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