Both velocity and speed are terms in physics that can be used to calculate the total distance covered by an object. However, there are some differences between them. The velocity of an object can be defined as the distance traveled by it with respect to time in a particular direction. Speed of an object, on the other hand, is the distance traveled by it with respect to time.
The main difference here is that velocity reveals the direction which the object is moving, whereas speed only talks about distance. Also, velocity is a vector quantity. This means it has both magnitude and direction. When an object moves from point A to B, it also shows its direction. Speed, on the other hand, is a scalar quantity. It has only magnitude but no direction. Invariably, we can define speed as velocity without direction, and velocity as the speed with direction.