We determine the upper and lower critical fields, the penetration depth and the vortex pinning characteristics of single crystals of overdoped Ba 0.2 K 0.8 Fe 2 As 2 with T c ~ 10 K. We find that bulk vortex pinning is weak and vortex dynamics to be dominated by the geometrical surface barrier. The temperature dependence of the lower critical field, H c1 , displays a distinctive upturn at low temperatures, which is suggestive of two distinct superconducting gaps.Furthermore, the penetration depth, λ, varies linearly with temperature below 4 K indicative of line nodes in the superconducting gap. These observations can be well described in a model based on a multi-band nodal superconducting gap.