What’s the difference between spot and futures trading for PNUT/USDT?

Spot trading involves buying and selling PNUT immediately at market prices, while futures trading allows traders to speculate on PNUT’s future price using leverage. Spot trading is simpler and less risky, as you own the actual asset, whereas futures trading involves contracts that can expire worthless if the price moves against you. Beginners typically start with spot trading on PNUT USDT before exploring futures.