Here is the simplest way I can explain the difference between spot and futures for a beginner, in spot trading if you buy a coin and the price drops by 30% you have lost 30%, that hurts but you still have 70% left and time to recover.
In futures trading if you buy with 10x leverage and the price drops by 10% you have lost everything, zero left, no time to recover, no second chance, that is the difference and it is not a small one.
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$GENIUS - $SOL - $LAB
{future}(LABUSDT)
{future}(SOLUSDT)
{future}(GENIUSUSDT)