What are the differences between Spanish which is spoken in Spain (by Spaniards) and Spanish which is spoken in Latin America?

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What are the differences between Spanish which is spoken in Spain (by Spaniards) and Spanish which is spoken in Latin America?

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Try to see it as American and British English. Or any other English a variation, you pick it.

I am Mexican and have been studying in Spain for about three years. The main differentiation between both of us are the following:

Speed. Spaniards tend to speak regardless of their region much faster than Mexicans.

S, Z and C. These letters change everything. For Mexicans these are all pronounced the same; Spaniads do make an emphasis on pronouncing them differently.

Voseo. You will find that in Spain. It is the form of making a clear distinction between formal and informal. A form that is understood in Mexico but never used. Ask your teacher the difference of "ustedes" and "vosotros" - he will explain it better than me.

Personally, these are just the most notorious, but linguistic differences and expressions are numerous and vast.