How do Coinbase referrals work?

Could you kindly elaborate on the mechanics of Coinbase referrals? I'm curious to understand how the referral system operates and how it benefits both the referrer and the referee. Does the referrer receive a commission for every successful referral? Are there any conditions or limits to the referral program? And how does the referee benefit from signing up through a referral link? Could you provide a step-by-step explanation of the referral process, including any tips or best practices for maximizing referrals? Thank you for your assistance in clarifying this matter.